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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

$64,688.00

+0.65%

$64,688.00

+0.65%

(24s)

24h Volume

$5,200,463,663.74

24h H/L

$64,940.51 / $64,250.58

Change: $689.93 (1.07%)

Long/Short

64.1%

Long: 64.1%Short: 35.9%

Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,685.47

▲ 0.48%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,685.47

Support 1$64,050.00

Support 2$62,290.69

Support 3$57,800.19

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.1

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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