Tag: xaubtc

Aug 09 2021

Gold Fractal Bodes Well For Bitcoin If Bull Flag Confirms

Aug 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price has turned bullish over the last three weeks, and looks to be breaking up and out of a near textbook bull flag pattern. The only problem is that the pattern could be a page out of gold's playbook, which recent price action would suggest the top cryptocurrency isn't yet out of the woods. Here is a...

Jul 29 2021

Gold Versus Bitcoin Chart Makes It Seem Like Bull Run Has Barely Begun

Jul 29 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

One of the biggest factors influencing the recent Bitcoin bull run hands down has been the digital gold narrative and the capital flows from precious metals into crypto. However, looking back at the XAUBTC chart over the last several months, the recent retracement across crypto makes it look like the bull run never even started,...

May 03 2021

Why A Reversal In Gold Could Tarnish Recent Bitcoin Narrative

May 03 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

The last year in finance has been all about Bitcoin. The digital gold narrative arrived at the perfect time, amidst a perfect storm of stimulus money, irrational exuberance in the stock market, and more. The forecast is starting to change for gold, however, just as the top cryptocurrency is struggling to maintain its market structure of higher highs and higher lows. Could...

Apr 01 2021

Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

Apr 01 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The digital gold narrative and fears of hyperinflation looming as the economy weakens and more fiat money is printed, has driven Bitcoin to incredible heights and done so quickly. But considering the cryptocurrency's history of frightening drawdowns, things could turn at a moment's notice. One sign that Bitcoin could soon be in some trouble comes from the cryptocurrency's trading pair against gold, which...

Dec 08 2020

deVere Bitcoin Survey: Two-Thirds Of Millennials Prefer Digital Gold

Dec 08 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

A new survey from one of the world's leading financial advisory firms, advising on over $10 billion in client capital, claims that two-thirds of its millennial customers far prefer Bitcoin over precious metals as the ideal safe haven asset. And in 2020 as the world goes almost entirely digital, millennials are being proven right. Gold fund flows are pouring into crypto, and the...

Dec 01 2020

Gold Begins Breakdown Against Bitcoin, Triggering 90% Decline On Per Oz Basis

Dec 01 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcxau

Bitcoin price just set a new all-time high against the US dollar and other top global fiat currencies. But what might be even more significant, is the fact that the gold standard itself is breaking down against BTC after this latest rally. The gold versus Bitcoin price chart shows that in the past, each time support broke down, the precious metal dropped 90%...

Nov 23 2020

Bloomberg: Futures and Fund Flows Show Bitcoin Is Replacing Gold

Nov 23 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The Bitcoin as digital gold narrative is suddenly taking on such significance, hedge funds, corporations, and institutional investors have begun reallocating a portion of their gold holdings into the cryptocurrency, according to Bloomberg Intelligence. A top senior commodities analyst for the financial forecasting giant believes that trend along with climbing Futures interest while gold declines, means that the cryptocurrency...

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