‼️ Are Bitcoin and gold really inversely correlated? And if gold corrects, will we see a strong rise in Bitcoin??? ‼️
Many analysts currently are confident that if gold corrects, we will see an increase in Bitcoin, so I decided to verify this information on the chart! Is this really true or just some wild guesses?!?
I took gold and Bitcoin and divided them into 8 zones and observed the movement of each chart. The results were as follows:
🟨 Zone 1:
▪️ Gold: down 10% - negative trend ▪️ Bitcoin: down 7% - considered a sideways trend for Bitcoin ▪️ Result: if gold corrects, Bitcoin corrects
🟢 Compatibility: aligned in decline
🟨 Zone 2:
▪️ Gold: up 31% - upward trend ▪️ Bitcoin: up 174% - strong upward trend ▪️ Result: Bitcoin and gold rose together
🟢 Compatibility: aligned in rise
🟨 Zone 3:
▪️ Gold: up 2% - sideways trend ▪️ Bitcoin: down 17% - downward trend ▪️ Result: gold is sideways, Bitcoin is negative
🟢 Compatibility: not aligned, gold sideways, Bitcoin negative
🟨 Zone 4:
▪️ Gold: up 16% - upward trend ▪️ Bitcoin: down 2% - sideways trend ▪️ Result: gold rising, Bitcoin sideways
🟢 Compatibility: not aligned, gold rose, Bitcoin didn't move
🟨 Zone 5:
▪️ Gold: down 6% - sideways trend ▪️ Bitcoin: up 6% - upward trend ▪️ Result: gold sideways, Bitcoin positive
🟢 Compatibility: not aligned, gold sideways, Bitcoin rising
🟢 Compatibility: not aligned, gold sideways, Bitcoin rising
🟨 Zone 8:
▪️ Gold: up 30% - upward trend ▪️ Bitcoin: down 4% - downward trend ▪️ Result: gold upward, Bitcoin negative
🟢 Compatibility: not aligned, gold rising, Bitcoin negative
📈 Conclusion:
We conclude that gold and Bitcoin are indeed not aligned in their upward movement! But they are aligned in decline! And if gold is in a sideways trend, there is a good chance for Bitcoin to rise!!
Therefore, the saying "If gold corrects, Bitcoin will rise" is not 100% accurate. The more correct statement is "If gold remains in a sideways trend, it could be a good opportunity for Bitcoin to rise." And for your information, Bitcoin and gold have been in sideways trends multiple times! So, it’s not a fundamental rule!
⭐️ In short:
The relationship between gold and Bitcoin is usually not similar and involves different factors in my opinion. But the basic rule is that if gold is in a sideways trend, the chance for Bitcoin to rise increases relatively ( not 100%)
If you liked the analysis, don’t forget to like, retweet, and comment! And don’t forget to follow please #Gate2025AnnualReportComing $GT
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‼️ Are Bitcoin and gold really inversely correlated? And if gold corrects, will we see a strong rise in Bitcoin??? ‼️
Many analysts currently are confident that if gold corrects, we will see an increase in Bitcoin, so I decided to verify this information on the chart! Is this really true or just some wild guesses?!?
I took gold and Bitcoin and divided them into 8 zones and observed the movement of each chart. The results were as follows:
🟨 Zone 1:
▪️ Gold: down 10% - negative trend
▪️ Bitcoin: down 7% - considered a sideways trend for Bitcoin
▪️ Result: if gold corrects, Bitcoin corrects
🟢 Compatibility: aligned in decline
🟨 Zone 2:
▪️ Gold: up 31% - upward trend
▪️ Bitcoin: up 174% - strong upward trend
▪️ Result: Bitcoin and gold rose together
🟢 Compatibility: aligned in rise
🟨 Zone 3:
▪️ Gold: up 2% - sideways trend
▪️ Bitcoin: down 17% - downward trend
▪️ Result: gold is sideways, Bitcoin is negative
🟢 Compatibility: not aligned, gold sideways, Bitcoin negative
🟨 Zone 4:
▪️ Gold: up 16% - upward trend
▪️ Bitcoin: down 2% - sideways trend
▪️ Result: gold rising, Bitcoin sideways
🟢 Compatibility: not aligned, gold rose, Bitcoin didn't move
🟨 Zone 5:
▪️ Gold: down 6% - sideways trend
▪️ Bitcoin: up 6% - upward trend
▪️ Result: gold sideways, Bitcoin positive
🟢 Compatibility: not aligned, gold sideways, Bitcoin rising
🟨 Zone 6:
▪️ Gold: up 33% - upward trend
▪️ Bitcoin: sideways 2% - sideways trend
▪️ Result: gold upward, Bitcoin sideways
🟢 Compatibility: not aligned, gold rose, Bitcoin sideways
🟨 Zone 7:
▪️ Gold: sideways 2% - sideways trend
▪️ Bitcoin: up 46% - upward trend
▪️ Result: gold sideways, Bitcoin rising
🟢 Compatibility: not aligned, gold sideways, Bitcoin rising
🟨 Zone 8:
▪️ Gold: up 30% - upward trend
▪️ Bitcoin: down 4% - downward trend
▪️ Result: gold upward, Bitcoin negative
🟢 Compatibility: not aligned, gold rising, Bitcoin negative
📈 Conclusion:
We conclude that gold and Bitcoin are indeed not aligned in their upward movement! But they are aligned in decline! And if gold is in a sideways trend, there is a good chance for Bitcoin to rise!!
Therefore, the saying "If gold corrects, Bitcoin will rise" is not 100% accurate. The more correct statement is "If gold remains in a sideways trend, it could be a good opportunity for Bitcoin to rise." And for your information, Bitcoin and gold have been in sideways trends multiple times! So, it’s not a fundamental rule!
⭐️ In short:
The relationship between gold and Bitcoin is usually not similar and involves different factors in my opinion. But the basic rule is that if gold is in a sideways trend, the chance for Bitcoin to rise increases relatively ( not 100%)
If you liked the analysis, don’t forget to like, retweet, and comment! And don’t forget to follow please #Gate2025AnnualReportComing $GT