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While gold continues to set new all-time highs (ATH), trading at $3,420 per ounce, Bitcoin (BTC) may soon follow the precious metal’s price trajectory, according to crypto analyst Master of Crypto. The analyst pointed out that BTC has tracked gold’s ‘power curve’ since 2011.
Bitcoin To Mirror Gold Price Action?
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In an X post published today, Master of Crypto highlighted how BTC has historically mirrored gold’s price momentum. However, this year presents a unique scenario – it’s the first time gold is hitting new ATHs during a Bitcoin bull cycle.
The analyst noted that if gold holds its current price levels and Bitcoin catches up, a $450,000 BTC by year-end is
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