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Cryptocurrency News Articles
Bitcoin and Gold – The TOP Pattern - Seeking Alpha
Jun 19, 2024 at 09:07 pm
I marked the recent tops in bitcoin, and I added gold price to the chart. Bitcoin is in blue. The late-2017 (bitcoin) and early-2018 top in gold perfectly correspond to this pattern.
Bitcoin tops are closely linked to tops in gold, and the same goes for copper. The recent bitcoin tops in March and April perfectly correspond to tops in copper, and the latter formed its final tops before the former did.
This is especially interesting in the context of the recent bitcoin failure to move to new highs despite the halving – an event that was widely expected to propel the coin to new all-time highs.
The fact that bitcoin failed to move higher despite the sure-bet event suggests that the top (a major one) in it is in. And since copper topped before bitcoin did, just like it often does, it increases the odds that copper formed a major top as well.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
