Bitcoin Still in Bull Market Territory as Gold Plummets; Will Growing Economic Stability Slow BTC?7.2

Both Bitcoin (BTC) and gold have once again been caught in the throes of volatility that have allowed them to form fresh levels of support and resistance that will likely continue to hold strong in the near-future.

Despite this volatility, Bitcoin is still in a firm bull market, and analysts are now noting that gold – and asset that BTC is often compared to – has been facing increasing downwards pressure. But is gold’s poor performance as of late good for Bitcoin?

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