Historical resistance suggests downturn: The current Bitcoin-Gold ratio has entered a resistance range of 34-37, often signaling MAJOR market peaks. Analyst Peter Brandt cautions that price corrections are likely after these resistance breaches.
Potential price drop confirmed by trends: Previous corrections after hitting the same resistance levels led to significant declines, showcasing a trend where Bitcoin could drop sharply if the ratio indicates overvaluation, reinforcing market risks.
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