CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Seeking Alpha 2025-05-09 11:50:00

Chart Of The Day: Don't Look Now, But... Bitcoin Is Back

Summary Digital gold spent the time since December 2024 trading sideways, then pulling back, then chopping around for a while. Crypto chatter went quiet. The MoneyShow Chart of the Day is a six-month chart of BTC-USD. Bitcoin popped more than 5% yesterday on solid volume, putting it firmly back in the six-figure zone above $101,000. Secondary indicators like RSI have also been turning up. By Mike Larson Don’t look now, but... Bitcoin is back! Prior to the last couple of days, “real” gold had been grabbing all the attention, hitting new highs above $3,500 an ounce before pulling back. The precious metal has been a “go-to” asset for protection from the dollar’s decline and market uncertainty driven by tariffs and geopolitical chaos . Meanwhile, “digital” gold spent the time since December 2024 trading sideways, then pulling back, then chopping around for a while. Crypto chatter went quiet. But look at the MoneyShow Chart of the Day - a six-month chart of BTC-USD. You can see that Bitcoin popped more than 5% yesterday on solid volume, putting it firmly back in the six-figure zone above $101,000. Bitcoin (BTC-USD) Secondary indicators like RSI have also been turning up. Unlike in the immediate aftermath of President Trump’s election, I’m not picking up on much crypto euphoria, either. Could that be a sentiment-based indicator suggesting Bitcoin has room to run? We’re clearly coming into overhead technical resistance around the old highs. And I’d like to see more convincing evidence Bitcoin has broken the “tech stock tie” to become a true, less-correlated store of value asset. But this is encouraging action - and it bears watching. Digital gold could grab the spotlight back from real gold if it keeps up! Originally published on MoneyShow.com Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta