cryptofamily

The founder of the quantitative fund Capriole Investments, Charles Edwards, believes that the situation with the price of BTC looks “promising.” According to Edwards, Bitcoin tends to copy gold's upward trends with a delay of several months. He presented a chart comparing the price movements of BTC and gold since the end of 2019, which shows that the lag period for Bitcoin is about three months Comparison of Bitcoin and gold charts. Source: Charles Edwards

Interesting analysis by Charles Edwards, showing similarities in price movements between Bitcoin and gold. If Bitcoin continues to follow gold's trends, we might expect a positive price movement in the coming months. Worth keeping an eye on!