BTCUSD: The catching up to Gold has started.

Bitcoin is having an excellent day turning almost overbought on its 1D technical outlook (RSI = 69.867, MACD = 3107.700, ADX = 41.327) and that is normally a signal for more upside to come. Adding Gold to the mix, we see that in recent past when Gold topped, Bitcoin was at the start of its uptrend and eventually caught up to Gold. Today's rise is probably similar to early November 2024, so we expect another 1.5 - 2 month upside before the next short term pullback.


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