A crypto trader said Bitcoin is at a “key resistance,” similar to the level where it topped in 2021, but other traders argued historical charts can’t be applied to this cycle. Bitcoin’s price chart is starting to mimic the pattern it displayed when it reached the previous cycle’s all-time high of $69,000 in November 2021,…
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Historical data shows Bitcoin price rallying within 150 days of gold hitting new all-time highs. The price of gold surged to a new all-time high of $3,357 per ounce on April 17, igniting speculation on whether Bitcoin would follow. Bitcoin-gold comparison. Source: TradingView In 2017, Bitcoin rallied to $19,120 after gold witnessed a 30% hike a…
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