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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$59,337.45

-3.13%

$59,337.45

-3.13%

(24s)

24h Volume

$35,226,997,355.56

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

70.9%

Long: 70.9%Short: 29.1%

Funding Rate

-0.0037%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,245.60

▼ -3.00%

Volume (24h): -

Resistance Levels

Resistance 3$64,190.33

Resistance 2$61,809.89

Resistance 1$60,140.67

Price$59,245.60

Support 1$59,102.70

Support 2$57,392.27

Support 3$52,643.43

Pivot (PP):$60,140.67

Trend:Downtrend

RSI (14):29.5

CoinDesk Staff

(12:18 PM UTC)

1 min read

Reviewed byEmily Watson

1364 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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