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For those who are rotating between gold and Bitcoin, their four-year BTC-to-Gold cycle looks like 👇
A 75% retracement has been achieved. ✅
The bear market has lasted 14 months (longer than a year, which is enough).✅
A five-wave decline has occurred.✅
All the indicators you want in a deep bear market for Bitcoin have been met on this chart.
And some of you may have found the BTC2Gold chart looks so familiar because you did see this chart before, but in ETH/USD.
FYI, the second chart is ETH/USD.
We know $BTC as digital gold, which equals Crypto_Beta x GOLD/USD.
And the BTC2GOLD chart minus the influence of gold properties, so the chart does indeed behave like ETH (Crypto Beta).