Technical analysis by cowboycraig about Symbol BTC: Buy recommendation (1/19/2024)
https://sahmeto.com/message/883794

cowboycraig
Rank: 1227
Analytical Power:
2.3
Bitcoin & Gold Value Increase Following US National Debt
Buy
Price at Publish Time:
$40,596.68

Will Gold and Bitcoin Increase in 2024 following the defeated dollar and impossible US National Debt? If we zoom out - it's clear that Gold value increases following US National Debt. Bitcoin does not have as much history as Gold but we can see a trend. After a very positive 0.786 Fibonacci sequence retrace might Bitcoin be back in the action for a run in 2024 and beyond? The 0.786 Fib level is a powerful bounce spot.
Source Message: TradingView