Some analysts have recently made an interesting observation — that the rise in gold prices often leads to a subsequent increase in Bitcoin. This correlation can indeed be confirmed in historical data.



This analyst previously made quite accurate predictions about Ethereum's price movements. This time, he extends the same logic to Bitcoin, believing that there is a positive correlation between gold and Bitcoin. So the question is: given his track record, will his current prediction about Bitcoin continue to be valid?

Gold, Bitcoin, liquidity... Are these factors just coincidental, or is there really some market pattern at play? What do you all in the crypto space think about this argument? Would you follow this line of thinking to make your investments?
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ForkMastervip
· 8h ago
Gold-following traders? Ha, I've already figured out this logic long ago, and no one was discussing it back then. But this guy's Ethereum predictions have only been accurate once or twice, and he's already starting to idolize himself. Be careful of a crash.
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ser_ngmivip
· 8h ago
Gold follow-up trading? I’ve known that for a long time. The question is, will he be accurate next time? Betting on people, not on the market. Wait, has this guy’s Ethereum prediction been accurate before? Then it’s definitely worth paying attention to. It’s another correlation analysis. Sounds very scientific but actually... well, never mind, I’d rather look at the candlestick charts. When gold rises, Bitcoin rises too. That logic is impressive. Then I might as well trade gold futures directly. Accurate predictions are a joke. It’s still safest to do your own research this time. Don’t rely too much on individual analysts.
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HackerWhoCaresvip
· 8h ago
Following the logic of gold's trend is just for listening; last time he was accurate, the crypto market directly moved in the opposite direction. Just take it as entertainment.
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CoinBasedThinkingvip
· 8h ago
Can gold and cryptocurrencies be related? This analyst might be overthinking it haha --- The previous ETH surge was correct, but this time it might not work --- Damn, it's just relatedness hype again. I think the market can easily show a positive correlation between any two things --- Is the rise in gold just following the trend? Then I might as well just go long on gold instead of Bitcoin --- Feels like armchair quarterbacking; data can be made to fit any narrative --- Just because ETH was right last time, I might follow along this time, but I won't go all in --- Interesting, let's wait and see how gold moves next --- Another pattern seeker, there are plenty of false correlations in the crypto world --- Liquidity is king; all these correlations are just clouds of dust
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GateUser-3824aa38vip
· 8h ago
Gold and cryptocurrencies, to put it simply, are about liquidity stories. It’s not necessarily something that can be replicated with BTC. --- Once again with this logic... Ethereum was considered a genius when it was right, and now? Still trying. --- Historical data verification? Laughable. Selective data viewing, and you can find tenfold evidence in the opposite direction. --- It’s unlikely to be a direct copy. Gold is an inflation hedge, while Bitcoin is a risk asset. Their nature is completely different. --- This guy just wants to eat forever after one success... I still trust my own K-line analysis. --- Liquidity is indeed a perspective, but macro is so complex that saying it’s positively correlated is a bit too absolute.
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DataChiefvip
· 8h ago
Buy when gold rises? That logic sounds a bit too smooth... Historical data looking good doesn't mean it'll work next time. One correct prediction doesn't mean every prediction will be correct; I need to review the original data on the correlation before I believe it. But on the other hand, liquidity indeed affects both markets simultaneously, and that's reliable.
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