TechDev revealed a chart via Twitter showing how BTC is following Gold/DXY trend’s.
If BTC will continue to rally and follow Gold it may reach $38,500, says TechDev
BTC shows more resilience during adverse times while Gold shows better recovery.
Crypto Analyst TechDev brought a hypothetical scenario in his tweet and questioned the crypto community “What if #Bitcoin continues to follow Gold / DXY ?”. The analyst makes a comparison of BTC’s path with Gold via a chart.
Moreover, according to his view, as BTC has followed Gold’s footpath, there is a possibility that BTC surges past $38,500, given that it follows Gold footprints further.