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Coingape

Bitcoin Price Weekly Forecast as Gold's Surge Revives Inverse Correlation -- Is $85K Next?

Bitcoin price remains under pressure as gold strength reshapes cross-asset behavior. The breakout of gold has been accompanied by a decline in the price of Bitcoin, which confirms their inverse correlation.  Meanwhile, BTC price reacts to defensive capital rotation into traditional safe havens. This change is indicative of constrained liquidity conditions in the world. Notably,The post Bitcoin Price Weekly Forecast as Gold's Surge Revives Inverse Correlation -- Is $85K Next? appeared first on CoinGape.

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