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#WeeklyHighlightPosts Analyst Explained: "The Real Critical Chart is the BTC-Gold Chart! For a Record in Bitcoin, the Gold..."
Cryptocurrency analyst Joao Wedson touched on an interesting point regarding the gold and Bitcoin chart in his latest report.
Crypto currency analyst Joao Wedson stated that the weakness in the parity between Bitcoin (BTC) and gold (XAU) could be a positive signal for the markets in the long term.
Wedson argued in his report that large institutions and banks have recently shifted from Bitcoin to gold.
Wedson stated in his analysis last December that this transition is actually a "perfect selling and rotation opportunity" for institutional investors. According to the analyst, gold is currently approaching a "buying peak" and is expected to enter the distribution phase at the end of this process. At this point, he predicts that more conservative capital may shift back to riskier assets, especially Bitcoin.
Wedson stated, "BTC/XAU charts are much more critical than BTC/USD. Most investors overlook this difference and are constantly suffering losses," highlighting the historical significance of gold, adding, "Gold has been a reference point for thousands of years and will continue to be."
According to Wedson, gold will trade sideways for at least two years after peaking. He believes that during this period, Bitcoin could prepare for a parabolic rise similar to that in 2017. However, he predicts that this movement will not occur in 2025 or 2026, but rather after 2028.
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