Bitcoin’s Moment? Analyst Urges Traders To Swap Gold For Crypto — TradingView News
A well-known crypto analyst is urging investors to rethink the old trade of gold for Bitcoin, calling current market signals a rare buying window.
According to CryptoQuant author Joao Wedson, a set of bottom signals in the BTC/Gold ratio are flashing, and that could mark a turning point in how the two assets move against each other.
Rare Signals Point Toward Bitcoin
Wedson’s chart shows two tags — one blue and one green — that line up with a normalized oscillator he says is at a low. According to him, the blue tag marks a bottom in the BTC/Gold ratio while the green tag appears when both indicators reach lows together.
When that has happened before, it often came at times of steep Bitcoin drops and big swings in market mood. According…
