Analyst: Bitcoin to gold exchange rate fell below the support level maintained for more than 12 years

PANews reported on March 14 that according to Cointelegraph, the current exchange rate of Bitcoin to gold has fallen below the upward trend line that has been maintained for more than 12 years. Well-known analyst NorthStar said that if Bitcoin stays below the gold trend line for a week or even a month, this breakthrough may herald the end of Bitcoin's 12-year bull market. Gold hit a new high, while Bitcoin's upward trend cooled. According to data from the World Gold Council, as of March 14, the US spot gold ETF has attracted more than $6.48 billion in inflows so far this year. The US spot Bitcoin ETF has seen nearly $1.46 billion in outflows so far this year. The driving force behind this divergence is growing macroeconomic uncertainty and risk aversion, which has been exacerbated by Trump's aggressive trade policies.

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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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