The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin breakout
CoinDesk·
60-second summary
The copper-to-gold ratio has climbed above its 200-day moving average for the first time meaningfully since September 2020, a move that has historically preceded major bitcoin rallies. This significant breakout could be a signal for bitcoin, with the ratio's past performances indicating potential price increases for the cryptocurrency, potentially leading to a major rally in the coming months.
The ratio has climbed above its 200-day moving average for the first time meaningfully since September 2020, a move that has historically preceded major bitcoin rallies.