Crypto analyst reveals a “perfect trade” for Bitcoin, sees BTC in the opposite of the gold price movement in 2020
Crypto strategy is closely believed to have another equivalent gathering at Bitcoin (BTC) in this course.
Analyst Nickname Jack Recount His 268,600 followers on X are not expected to reduce the federal reserve for interest rates at a meeting on Wednesday, despite the drop in oil below $ 60 – a level that he says reflects “bad financial conditions”.
Oil is traded at $ 59.77 at the time of writing, a decrease of more than 22 % of the opening price of 2025 of $ 77.46. The collapse of oil prices usually indicates the destruction of demand and weak global economy.
According to the analyst, the major economic background numbers “Ideal Trade” for BTC.
“How do Bitcoin perform here?
The best guess is that it follows the arrows but it turns and quickly recovered. Take gold as an example in March 2020: a short, shallow accident, then the start of the most severe phase in its equivalent direction. This will be the ideal trade and can be a marching base. “
In March 2020, gold lost approximately 15 % of its value before igniting an increase of 43 % in only five months.
Zoom on Bitcoin, Jack He says BTC needs to stay above $ 93,000 to avoid watching another corrective step.
“BTC Bulls does not want in the time frame to see the price at X again. Otherwise, I expect a flow.”
At the time of this report, Bitcoin is traded for $ 96,791, an increase of more than 2 % last day.
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