Can Gold And Silver Prices Predict Bitcoin’s Next Move?

Although some Bitcoin bulls refer to BTC as digital gold, physical precious metals may be a good way to predict Bitcoin’s future price movements.   One Bitcoin trader brought up the BTC/Gold Mayer Multiple when explaining their bullishness toward crypto.   The Mayer Multiple’s History The multiple compares the Bitcoin to gold ratio against its 200-day moving average, and advocates of this indicator believe Bitcoin is undervalued if it has a Mayer Multiple below 1.   The X user said that the ratio has only been this low during Bitcoin crash periods, suggesting a buy-the-dip opportunity source: https://beincrypto.com/gold-silver-prices-bitcoin-mayer-multiple-analysis/