S&P 500

Gold vs BTC on SPX weakness

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Market is in a tight position with SPX fuel running low after a spectacular – and rather unbelievable if you ask me – rally.

We are seeing gold staying stable while Bitcoin took quite a hit. This was however expected after touching the 12K resistance many time and failing to break through.

DXY still showing signs of weakness while VIX is approaching a level of resistance which could provide a temporary relief for Bitcoin. If bulls can show their strength I'm expecting BTC to reclaim the $11K levels as market uncertainty push investors to high-yield assets like Gold and Bitcoin.

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