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
$63,168.41
+0.08%
$63,168.41
+0.08%
(24s)24h Volume
$2,828,320,254.67
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.8%
Long: 68.8%Short: 31.2%
Funding Rate
+0.0039%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:18 PM UTC)
1 min read
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 GoogleComments
Comments