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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

$64,120.00

+0.59%

$64,120.00

+0.59%

(24s)

24h Volume

$7,869,729,634.06

24h H/L

$64,350.00 / $63,400.00

Change: $950.00 (1.50%)

Long/Short

60.3%

Long: 60.3%Short: 39.7%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,106.85

▲ 0.83%

Volume (24h): -

Resistance Levels

Resistance 3$70,981.58

Resistance 2$68,191.60

Resistance 1$64,809.23

Price$64,106.85

Support 1$62,899.16

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,958.50

Trend:Downtrend

RSI (14):35.2

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…

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Source

CoinDesk Staff · CoinDesk

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