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?
CryptoParrot
Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]
Related articles
Bitcoin records 3x higher average trading volume in October than Apple, Amazon, Microsoft
After experiencing increased volatility in late September, Bitcoin (BTC) appears to be regaining its momentum towards another all-time high…
2mins 12 Oct, 2021 CryptoSlashyAlmost 5,000 new cryptocurrencies launched in the last 12 months
As the cryptocurrency industry continues to mature with mainstream adoption, investors are pumping more money into the sector contributing to the sector’s popularity.…
2mins 22 Sep, 2021 CryptoParrotEthereum adds over 38 million new addresses in 2021, 22% of all ever created
The Ethereum network plays a key role in the cryptocurrency circles, with the asset recording significant interest.…
2mins 14 Sep, 2021 CryptoParrotBlockchain-related job postings surge 118%, software development sector leads at 30%
The focus on cryptocurrency and blockchain technology has been growing in recent years as organizations explore how to leverage the industry’s full potential.…
2mins 31 Aug, 2021 CryptoParrotStart trading
Recommended crypto exchange
Buy & sell Crypto in minutes
Learn more