2020-01-15

Bitcoin, Bonds and Gold

Gold and now Bitcoin has a positive correlation with long-term treasury bonds. Bond prices typically rise when the economy is weakening or there's panic in the air, it heralds more monetary intervention down the road. A breakout in Bitcoin will
A breakout in Bitcoin would be positive for the entire cryptocurrency space, but it needs to clear $10,000 for a really bullish picture to emerge.
BitcoinSV, which claims to be the true vision of digital money envisioned by Satoshi Nakamoto, experienced a breakout versus Bitcoin yesterday. A successful test of the 0.03 area would confirm the breakout.
Gold remains in a basing pattern. It could decline without wrecking the basing pattern. It is also looking potentially bullish in the short-term though. The junior miner ETF GDXJ needs to rally about 25 percent from here to complete its basing pattern.

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