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Bitcoin Falls Again as Gold Nears Record High — Is a Market Rotation Imminent?

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BTC
$88,304.000.07%
Bitcoin news broke on December 16 as gold neared a record high of $4,305 per ounce. Bitcoin analysis shows the cryptocurrency fell below $86,000 after a sharp sell-off the day before, erasing $2 billion in long positions in one hour. Experts including Ray Youssef and Michaël van de Poppe say Bitcoin’s weakness versus gold may signal a market rotation. Van de Poppe notes Bitcoin’s RSI against gold has dipped below 30 four times—each time before a market low. On-chain data from Chain Mind also hints at a Bitcoin rebound. The Bank of Japan’s meeting on December 19 could shape what happens next.
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