Community Articles

via CoinDesk · By CoinDesk Staff

The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin (BTC) breakout

BTC

BTC/USDT

$79,770.90

-0.27%

$79,770.90

-0.27%

(24s)

24h Volume

$7,904,872,417.88

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

CoinDesk Staff

(12:18 PM UTC)

1 min read

Reviewed byEmily Watson

0 comments

The ratio has climbed above its 200-day moving average for the first time meaningfully since September 2020, a move that has historically preceded major bitcoin rallies.

The copper-to-gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020, a development that has historically coincided with the early stages of bitcoin BTC$80,492.82 bull markets.

The…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments