Crypto analyst Michael van de Pope has predicted that after a strong performance of gold, a new all-time is on a bitcoin track to make a new all-time high hit within the next 2-3 weeks.
recently Post on XCrypto analyst Michael Van de Pope estimated that Bitcoin (BTC) is likely to print a new all-time high in the next 2-3 weeks. Comparing the strong performance of gold, van de pope is optimistic that the bitcoin suit will follow.
Sleep Recently there has been a tear, breaking its previous all-time high in late January. Its speed has been impressive, reflecting the 2.2% profit achieved in the last week, with the property earning adequate profit in the first days of February. So far, gold is trading above $ 2,900 an ounce, according to this Goldprice.orgIf it holds this level, this value will mark its seventh consecutive week of praise.
Bitcoin-gold correlation
Both assets have demonstrated the correlated pattern in the past, affecting the projection of van de pope for a new Ath. However, bitcoin has recently remained relatively stable, entering an accumulation phase, while gold is continuously moving upwards.
Analyzer Dannak recently told This trend, given that, although gold is carrying on new heights, bitcoin has yet to follow its footsteps. However, Danoc suggests that Bitcoin historically has to catch with gold after such dicling, which means that BTC may be prepared to play catch-up soon. So, the prediction of the van de Pope may finally come true.
