While risk appetite decreases rapidly in global markets, investors carry their capital to safe ports. With the US Federal Reserve (FED) President Jerome Powell gave more volatility messages, the stock markets had a compulsory liquidation of $ 1.5 trillion. With this development, eyes again gold marketna. The weakened US dollar and increased inflation expectation have made gold a favorite of investors. The rise underneath caused the eyes to be translated into Bitcoin (BTC).
Golden rally won speed
At the North American session on Wednesday gold price It increased by more than 3 percent up to 3 thousand 337 dollars. This rise is the continuation of the bull market that started in October 2023 and triggered by global central banks, especially under the leadership of China. Goldthe long -awaited price discovery process has entered the process.
The prolongation of the trade war negotiations and the increase in uncertainties lead to investors to turn to safe assets. In recent weeks, both corporate and individual investors have increased their gold positions by attracting their capital to less risky areas. Especially when we look at the technical indicators, the relative power index (RSI) slightly retreated from 93 to 83 levels, which indicates that the price is close to the summit.
According to analysts in this cycle ounce of goldIt is likely to see the level of $ 3,500. It is considered that the transition beyond this target will depend on the depth of the trade war and the stance of the central banks.
The rise of gold may be an opportunity for Bitcoin
With the rise of gold, the eyes once again Bitcointurned to. Bitcoin, who won the title of “Digital Gold önünde in the last decade, appeared on the stage after the 2008 financial crisis and proved its power during the Covid-19 period. The fact that the Fed defines Bitcoin as “digital gold ve and the fact that the dollar does not see it as a direct rival increases the interest.
The US government, led by Donald Trump, has begun to consider Bitcoin as a potential economic instrument to alleviate the huge burden of debt. This causes Bitcoin to come up more frequently in geopolitical debates.
Looking at historical data Bitcoin price It is generally seen that parabolic rises are similarly in the strong rally periods of gold. Currently, Bitcoin may technically prepare for the ground for such a jump. As the gold approaches the summit, Bitcoin is expected to earn a similar momentum, albeit delayed.
Investors can see this parallelism as an opportunity and reshape their portfolios. However Crypto Money MarketThe high volatility makes it necessary to move carefully.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
