HomeUncategorizedBitcoin can still crack $50K if gold correlation continues — Chart By Cointelegraph

Bitcoin can still crack $50K if gold correlation continues — Chart By Cointelegraph

January 27, 2023

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© Reuters.

(BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts.

In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to .

vs. XAU/DXY annotated chart. Source: TechDev/Twitter
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
XAU/USD 1-day candle chart. Source: TradingView