Bitcoin, crypto ‘winter’ soon over, says BitWise exec as gold retargets $5K — TradingView News
Bitcoin BTCUSD returned to range-bound moves on Tuesday as gold returned near the key $5,000 mark.
Key points:
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Bitcoin trades sideways as gold and silver attempt to reclaim prior losses.
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Analysis remains split over how the Bitcoin versus gold relationship will play out next.
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Bitwise CIO says that the latest “crypto winter” is closer to over.
$80,000 Bitcoin price stays out of reach
Data from TradingView showed BTC price action shying away from a retest of $80,000, now functioning as resistance.
BTCUSD displayed familiar indecisiveness on the day, again putting it in contrast to precious metals, which were actively attempting to recoup some of their major losses from recent days.
XAU/USD rebounded to $4,971, up more than $500 versus…




