Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase

Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase

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Source: Coindesk.com

Bitcoin has been in CryptoQuant's bearish phase since August 27. There's been a decoupling from gold, which has been making record highs, while bitcoin struggles more than 20% below its record level of a few months ago. BTC's MVRV ratio is below its 365-day moving average which suggests a further price correction may be on

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The post "Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase" appeared first here Coindesk.com.

Source: Coindesk.com

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