BTC and Gold Showing Correlated Moves, Will Bitcoin Price Rise From Here?5.2

In recent weeks, the trade war between the Trump administration and China has been heating up, and fueling concerns that the global economy is on thin ice. The fears have caused a massive inflow of capital into gold and Bitcoin markets due to their scarcity and potential use as an economic hedge.

The two markets have been moving “lockstep” over the last month and have shown the “highest” correlation between the two assets since 2016. After a strong move up in both assets, prices consolidated and gold has started to advance once again – will Bitcoin follow and continue along its bull run?

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