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Analyst: BTC price may take 3 months to replicate the gold Bull Market
Golden Finance reported that the founder of the digital asset fund Capriole Investments stated that BTCPA still looks "very hopeful". Edwards posted a comparison chart of BTC PA and gold PA since the end of 2019, and he concluded that once gold starts to show a new trend, BTC only needs time to catch up. Overlaying XAU/USD on BTC/USD, it can be found that the incubation period for BTC is about three months. "According to a rough empirical rule, the macro trend of BTC usually lags behind gold by several months."