Bitcoin price ‘carnage’ comes as gold hits new all-time high

As Bitcoin displayed weakness, it faced a significant downtrend following early trading. Conversely, gold reached approximately 3,000 USD, overshadowing Bitcoin’s performance and creating a stark contrast in market trends.

Traders express frustration with Bitcoin’s market behavior, experiencing numerous false breakout signals and low trading volumes. Despite challenges, Bitcoin remains resilient around the 95,000 USD mark, with some optimism regarding a bullish divergence in its Relative Strength Index.

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