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BTCUSDT
Long Entry 110,981.0000 2025-09-03 08:56 UTC
Target 150,000.0000 Fail 90,000.0000
Risk/Reward 1 : 2
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BTCUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The video discusses the relationship between gold and Bitcoin, noting gold's recent all-time high and its potential implications for Bitcoin. The analyst reviews a chart illustrating gold's 42% surge from March to August 2020, during which Bitcoin remained relatively stagnant. Subsequently, Bitcoin experienced a substantial rally from $10,000 to $69,000 over the next 1.5 years while gold remained boring. Current gold has reached $3537, having gained 35% this year, while Bitcoin's price action has been less exciting. Based on the historical correlation between gold and Bitcoin, the analyst predicts that Bitcoin will soon follow gold's upward trajectory and achieve a new all-time high. He mentioned if rates get cut crypto will follow the bullish trend. There is an ad about 10% bonus on first time deposits in BTCC.
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