After months of fluctuations, Bitcoin appears to have regained its status as digital gold. Experts are analyzing technical and macroeconomic signals indicating an imminent surge in the price of the leading cryptocurrency.
Bitcoin has reestablished a positive correlation with gold, historically favorable for its appreciation. Since March, the cryptocurrency has surged by over 10% while gold gained 5%, indicating a renewed interest in assets resistant to inflation.
This trend comes with a noticeable decline in the U.S. Dollar Index (DXY), down by 4%. This trend further enhances Bitcoin’s appeal as a safe haven asset against expansionary monetary policies.
Since 2020, the correlation coefficient between Bitcoin and gold has dropped below -0.50 18 times. In 94% of cases, it then bounced back above +0.50 in less than a week, indicating a new bullish cycle on the horizon.
Bitcoin is not only catching up with gold; it now significantly outperforms it in terms of performance. According to macroeconomic analyst @TedPillows, BTC has seen an increase of nearly 25% from its low, surpassing both the yellow metal and the S&P 500 index.
This shift in capital flows in favor of high beta assets like Bitcoin reflects the increasing appetite of institutional investors for cryptocurrencies. A trend expected to strengthen amid macroeconomic uncertainty.
Key points to monitor :
The recent Bitcoin rebound, coinciding with the announcement by Trump of new tariffs, has reignited geopolitical concerns and the narrative of Bitcoin as a safe haven asset. The cryptocurrency’s price surged by 10%, while gold gained 5% and the DXY fell by 4%.
This tense scenario has increased investors’ interest in BTC, a rare digital asset independent of sovereign monetary policies. A trend expected to continue as macro uncertainty grows.
From a chartist perspective, Bitcoin is consolidating above $95,000 in a well-defined uptrend channel. The 50-day Exponential Moving Average (EMA50), currently at $94,015, acts as a dynamic support.
Key levels for traders:
Although the MACD indicator is currently neutral, a buying surge could trigger an impulsive move towards new highs.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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