The Secret for a record breaking BTC
1 Oct, 2020 CryptoParrot
Every Bitcoin Holder anxiously awaits the day that the king of crypto breaks the $19,783.06 all-time high from 2017. In this journey, many correlations between the crypto and other assets are being used as parameters to predict BTC's activity.
One of the said metrics is the relation between BTC and USD. According to analysis, the American currency is exhibiting a clear and inverse correlation with BTC. Whenever the fiat currency goes up, the crypto goes down.
That status shows even clearer the connection with Gold, who also exhibits similar behaviour. So, if you are a Gold trader, a weaker Dollar means both XAU and BTC will break records.
Are we seeing a $20,000 Bitcoin price before the end of the year?
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