Chart Of The Day: Don't Look Now, But... Bitcoin Is Back
Source: SeekingAlpha
2025-05-09 07:50:00 ET
Summary
- Digital gold spent the time since December 2024 trading sideways, then pulling back, then chopping around for a while. Crypto chatter went quiet.
- The MoneyShow Chart of the Day is a six-month chart of BTC-USD. Bitcoin popped more than 5% yesterday on solid volume, putting it firmly back in the six-figure zone above $101,000.
- Secondary indicators like RSI have also been turning up.
By Mike Larson
Don’t look now, but... Bitcoin is back!
Prior to the last couple of days, “real” gold had been grabbing all the attention, hitting new highs above $3,500 an ounce before pulling back. The precious metal has been a “go-to” asset for protection from the dollar’s decline and market uncertainty driven by tariffs and geopolitical chaos ....
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Chart Of The Day: Don't Look Now, But... Bitcoin Is Back
CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF
NASDAQ: BTFX
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4,296 Volume:
$33.69 Open:
