Bitcoin

While Bitcoin experienced a retreat following the economic data from the USA, it continues its horizontal movements between $ 27,000-28,000.
At this point, some analysts expect a decrease in BTC, while some analysts say they expect an increase.
One of those expecting a rise was Glassnode co-founder Yann Allemann.
Comparing Bitcoin and gold, the analyst said that the BTC-Gold rate looks ready to make a significant jump.
Stating that this bullish feeling is supported by basic indicators, Allemann stated that RSI and MACD indicators also give a bullish signal.
In this context, Allemann stated that Fibonacci levels give possible levels for gold and BTC, and thinks that if gold is priced around $ 1,200, Bitcoin can rise to around $ 120,000.
<blockquote>
 “Will Bitcoin reach 98 times the price of gold?
 The BTC-Gold ratio looks ready to soar. RSI is rising and MACD has crossed the 50 level.
 According to these technical indicators, Bitcoin is in a Bullish Transition and Uptrend.
 Fibonacci levels show possible price levels. In this context, will we see $ 1,200 in gold and $ 120,000 in Bitcoin?
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Will <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> reach 98X the price of <a href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Gold</a>
 BTC-Gold ratio seems to be ready to fly. RSI rising and &gt;50. MACD in Bullish Cross-over and Rising. Fibonacci extensions gives the likely extension levels.
 Will we see <a href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Gold</a> ~1200 and <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> at ~120K
 These levels are consistent with… <a href="https://t.co/MjF9ILIsIf" rel="noopener noreferrer nofollow">pic.twitter.com/MjF9ILIsIf</a>
 — 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) <a href="https://twitter.com/Negentropic_/status/1710226725353730413?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 6, 2023</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/bullish-sign-for-bitcoin-bearish-sign-for-gold-glassnode-evaluated-the-latest-data/">Bullish Sign for Bitcoin, Bearish Sign for Gold? Glassnode Evaluated the Latest Data!</a>

Bullish Sign for Bitcoin, Bearish Sign for Gold? Glassnode Evaluated the Latest Data!

Bitcoin Sistemi EN

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