Gold's 65-day leading correlation to Bitcoin since 2020 is 0.82, but short-term volatility is difficult to predict

PANews reported on February 21 that the correlation between gold and Bitcoin shows that gold is actually about 65 days ahead of most metals that fluctuate in sync with Bitcoin. Since 2020, the 65-day leading correlation of gold to Bitcoin has reached 0.82, and has risen to 0.907 in the past two years. But interestingly, although gold can effectively predict Bitcoin price trends, its intraday percentage fluctuations have almost nothing to do with the latter, which means that trends can be captured, but short-term fluctuations are difficult to predict.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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