Bitcoin could 6x following Gold’s RSI, according to macro expert

Gold’s momentum is reaching unprecedented levels, raising questions about what could come next not only for the precious metal but the crypto market as well, specifically Bitcoin (BTC). Namely, the gold price has now pushed its Relative Strength Index (RSI) above 91, a level that has been recorded only once before in history, December 1979, just before a prolonged consolidation phase.  Something similar also took place in August 2020, when gold again surged to record highs, just before consolidating and letting Bitcoin go on a nearly sixfold run over the subsequent cycle. Understandably, the historical parallel has left investors wondering whether gold may once again be nearing a consolidation phase and potentially set the stage for renewed upside in its digital counterpart source: https://finbold.com/bitcoin-could-6x-following-golds-rsi-according-to-macro-expert/