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For those who cycle between gold and Bitcoin, the four-year BTC-to-Gold cycle looks like 👇
A 75% retracement has been reached. ✅
The bear market has lasted for 14 months (more 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 that the BTC2Gold chart looks very familiar because you've seen this chart before, but in ETH/USD.
FYI, the second chart is ETH/USD.
We know $BTC as digital gold, which is the same as Crypto_Beta x GOLD/USD.
And the BTC2GOLD chart is reduced by the influence of gold properties, so this chart indeed behaves like ETH (Crypto Beta).