The post The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin (BTC) breakout appeared on BitcoinEthereumNews.com.
The copper-to-gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020, a development that has historically coincided with the early stages of bitcoin BTC$80,949.32 bull markets. The ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. Previous surges in the ratio during 2013, 2017, and 2021 aligned with major gains in bitcoin prices. The correlation coefficient between bitcoin and the copper-to-gold ratio currently sits at -0.11, though it has rebounded sharply from -1.00. This suggests the two assets are not yet positively correlated, but the relationship is beginning to strengthen. Historically, during bitcoin’s strongest bull runs, the correlation has moved toward or above 1.0. The current negative reading largely reflects the earlier divergen
Bitcoin’s recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000. The structure looks bullish. However, technical analysis shows that Bitcoin has now entered into deceptive territory. Bitcoin’s Uptrend May Be Hiding A Compression Phase Bitcoin’s price action is now forming an interesting but deceptive pattern. The pattern in question is a rising wedge that has been forming on Bitcoin’s daily chart since February. The setup was highlighted by crypto analyst Merlijn The Trader, who described Bitcoin’s current pattern as “the most deceptive pattern in crypto.” His chart places Bitcoin near the upper end of the wedge, with the $84,000 area acting as a key rejection zone. Related Reading: XRP’s Current Predicament Is Only Temporary; These Factors Will Drive It To $18 A rising wedge is formed when price a
A new analysis from crypto expert Sykodelic suggests that Ethereum (ETH) could experience a parabolic rally to new highs this year, but only if Bitcoin (BTC) makes a key move. According to the analyst, ETH is already laying the groundwork for this potential surge, with recurring historical patterns backing its bullish structure. Once Ethereum begins […]
Metaplanet now holds nearly 87% of Bitcoin owned by Japan’s publicly listed companies. Japan is advancing stablecoins and tokenized bonds through new financial infrastructure initiatives. Simon Gerovich says Bitcoin will anchor future digital-native capital markets globally. Bitcoin Standard is gaining traction in Japan as Metaplanet expands its treasury strategy around the digital asset. Metaplanet CEO […]
The post Metaplanet Bets Big on Bitcoin as Japan Advances Digital Capital Markets appeared first on Live Bitcoin News.
Physicist Giovanni Santostasi says Bitcoin’s long-term price trajectory is not best understood as an S-curve, speculative bubble, or simple exponential trend, but as a power law similar to patterns found in cities, biology and other natural systems. Speaking with Nathalie Brunell on the May 12 episode of the Coin Stories podcast, the director of the Scientific Bitcoin Institute argued that Bitcoin’s historical data points to roughly $1 million per coin in about eight years and $10 million in roughly 20 years. Santostasi explained his Bitcoin Power Law thesis in detail. His core claim is that Bitcoin’s price has followed a nonlinear mathematical relationship with time since the network’s early trading history. In his formulation, Bitcoin’s price is proportional to time raised to a power of roughly 5.8 to 5.9, often rounded to six. That exponent, he said, is not just a curve-fitting artifact but a “fingerprint” of the system. “With bitcoin we found a similar relationship where the price
Quantum computing's rapid advancements pose an urgent threat to the security of digital assets and financial systems.
The post Alex Pruden: Quantum computing threatens elliptic curve cryptography, urgent need for postmodern cryptography, and the Bitcoin community’s philosophical divide | Empire appeared first on Crypto Briefing.
Bitcoin's anticipated rise amid AI-driven economic shifts positions it as a key hedge against inflation.
The post Jordi Visser: Bitcoin is set to break higher, the crypto winter will be the mildest ever, and AI will disrupt traditional value storage | Bankless appeared first on Crypto Briefing.
