Bitcoin Trading Wizard

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ByBit USDT, Binance Futures
/USDT
Take-Profit target 1 ✅🚀
Profit: 27 📈
Period: 2 Hours 10 Minutes ⏰

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🍫MARKET MOVEMENT🍫

Bitcoin’s correlation with gold has steeply declined over the last couple of months, turning towards the negative and showing no signs of a reversal yet. This is due to the fact that gold has seen a recent uptrend in price action while BTC has remained bearish, and it could hold the key to our next big move.

How can this affect the market in the mid term?

Considering that BTC is still holding a very high correlation with equities and growth stocks, we’re likely seeing an important mid term bounce in the next couple of weeks, along a relief rally in the US Market’s economy, which should be enough to reach $36,000 at least.
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