Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts.
In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD.
Gold, Bitcoin inverse dollar correlation “without question”
As the debate over how much Bitcoin will compete with gold remains, bullish-price takes are surfacing.
For TechDev, the outlook is more optimistic than for many — Bitcoin might even…
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