Gold’s Buy Climax Is Playing Out, And Bitcoin Could Pay The Price
Gold’s sudden reversal is beginning to influence how some market watchers see Bitcoin’s next move. In a market note shared on X, verified analyst Joao Wedson noted that the relationship between the two assets is unfolding in line with a sequence he outlined earlier this year wheregold peaks first, volatility erupts, Bitcoin reacts sharply afterward, […]
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Gold’s price climbed to new all-time highs in mid-October, breaking above $4,000/oz for the first time in history, before eventually reaching a peak of $4,342/oz. The yellow metal’s rally came at a time when BTC was enduring a flash crash that pulled its price down to $101,000 very briefly. This contrast between gold’s strong rise […]
A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum’s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful expansion phase, provided the structure stays intact. Related Reading: American Bitcoin Makes Big Buy, Adds 416 BTC To Its Stack Wyckoff Accumulation Structure Taking Shape On Ethereum Chart Over the past several days, Ethereum has traded between roughly $3,050 and $3,400, repeatedly....
Bitcoin appears to be walking a well-worn path, one that gold traced out not long ago. According to an analysis shared by crypto analyst Ted Pillows on the social media platform X, the current price structure of the leading cryptocurrency is closely imitating gold’s trajectory from its accumulation phase through distribution and a breakout rally. […]
Bitcoin, being referred to as digital gold, is nothing new, as proponents have, for the longest time, expected the digital asset to replicate gold’s growth. Currently, the market cap of gold is more than 20 times that of BTC, but that has not changed the expectations that BTC will eventually be the bigger asset. This […]
Stablecoin backing is under fresh fire after outspoken economist and gold supporter Peter Schiff took aim at tokens tied to US dollar reserves. He argues that relying on a fiat currency he views as shaky makes little sense when a more stable asset exists. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight His comments have reignited a long‑running debate about what should sit behind digital coins that promise a steady peg. Schiff Questions Fiat Backing According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated....