Technical analysis by JackGreenCrypto about Symbol PAXG: Buy recommendation (8/19/2024)

Gold has just surpassed its ATH and is pumping into price discovery.What does this mean for Bitcoin, given their correlation as monetary hedges?Historically, Bitcoin's macro trends have often lagged behind Gold by 3-6 months.I created this chart with a 3-6 month lag range on Gold's price to visualize this relationship.Not to jinx it, but according to this specific metric, the next few months should be promising for Bitcoin