{"id":543484,"date":"2023-01-25T18:04:23","date_gmt":"2023-01-25T15:04:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\/"},"modified":"2023-01-25T18:04:23","modified_gmt":"2023-01-25T15:04:23","slug":"bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\/","title":{"rendered":"# Bitcoin due shake-up vs. gold, stocks as BTC price dips under $22.5K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ccbed3b836\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ccbed3b836\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\/#%E2%80%9D_Bitcoin_due_shake-up_vs_gold_stocks_as_BTC_price_dips_under_225K_%E2%80%9C\" >&#8221; Bitcoin due shake-up vs. gold, stocks as BTC price dips under $22.5K &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\/#BTC_price_faces_stiff_resistance\" >BTC price faces stiff resistance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\/#Bitcoin_correlation_to_gold_surge\" >Bitcoin correlation to gold surge<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_due_shake-up_vs_gold_stocks_as_BTC_price_dips_under_225K_%E2%80%9C\"><\/span>&#8221; Bitcoin due shake-up vs. gold, stocks as BTC price dips under $22.5K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/97f43a34-5581-4be2-9d1f-9448a72a97df.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_faces_stiff_resistance\"><\/span>BTC price faces stiff resistance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> showed BTC\/USD heading below $22,500 after failing to crack resistance near five-month highs.<\/p>\n<p>U.S. stocks saw a weak start to the session, the S&amp;P 500 and Nasdaq Composite Index down 1.1% and 1.6%, respectively at the time of writing. <\/p>\n<p>Bitcoin bulls had themselves faced trouble attempting to push into an area of liquidity above $23,400, this so far remaining unchallenged and home to a significant number of would-be short liquidations.<\/p>\n<p>Traders remained on the fence, hoping that a clearer trading signal would come after several days of essentially sideways price action.<\/p>\n<p>\u201cThis is what I am looking for on Bitcoin with a corrective wave now, followed by another leg up to my $25,000 overall,\u201d Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1618159129343954944\">commented<\/a> alongside an explanatory chart.<\/p>\n<blockquote><p>\u201cInvalidation is if we began to breakdown from here.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/f4d5e78c-d590-451b-af42-15f0e9d62f41.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Crypto Tony\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Cointelegraph contributor Micha\u00ebl van de Poppe was also opting to wait and see on the day.<\/p>\n<p>\u201cPatiently waiting for Bitcoin to drop beneath $22.3K or breaking and reclaim $23.1K. In between I don&#8217;t see much of an interesting set-up,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1618214890229108736\">told<\/a> Twitter followers.<\/p>\n<p>Some optimistic takes remained, including that from Crypto Ed, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1618202083689201664\">eyed<\/a> a potential higher low for BTC\/USD setting the stage for new highs.<\/p>\n<p>Fellow trader Kaleo even <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1618138059870187520\">suggested<\/a> that $30,000 would be Bitcoin\u2019s next target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_correlation_to_gold_surge\"><\/span>Bitcoin correlation to gold surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A topic of interest beyond price action meanwhile focused on Bitcoin\u2019s correlation with both gold and stocks.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin faces \u2018considerable danger\u2019 from Fed in 2023 \u2014 Lyn Alden<\/em><\/strong><\/p>\n<p>Charles Edwards, CEO of crypto investment firm Capriole, noted that Bitcoin was continuing its historical tendency to play &#8220;catch-up&#8221;\u00a0with gold.<\/p>\n<p>\u201cThere is a relationship between Bitcoin and gold and gold is pumping,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/caprioleio\/status\/1618021560400633856\/photo\/1\">wrote<\/a>. <\/p>\n<blockquote><p>\u201cWhen you lag the gold price, it&#8217;s easier to see. Bitcoin tends to top between 0-6 months after gold and bottom 0-3 months after gold. This gap is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximate and will likely close with time.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/4cef0a31-8a37-4bd5-8d59-cd87bb331df0.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD vs. XAU\/USD annotated chart. Source: Charles Edwards\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Bitcoin\u2019s correlation to gold stood at practically 100% on the day.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/db7fd4d4-8cf8-4458-b730-fa452b8a3ef7.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD vs. XAU\/USD chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Conversely, Kaleo hoped for a \u201cdecoupling\u201d from the S&amp;P 500, with Bitcoin primed to break out to the upside.<\/p>\n<p>\u201cBTC broke out above HTF resistance dating back to the November &#8217;21 ATH ~two weeks ago,\u201d a further tweet stated. <\/p>\n<blockquote><p>\u201cIt looks like it&#8217;s about to continue that trend, as it&#8217;s currently on the verge of breaking out of a pennant it&#8217;s been accumulating in above support.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/6784d2c5-23fc-4067-bbbb-7f02524f4dc3.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD vs. S&amp;P 500 annotated chart. Source: Kaleo\/ Twitter<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-due-shake-up-vs-gold-stocks-as-btc-price-dips-under-22-5k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin due shake-up vs. gold, stocks as BTC price dips under $22.5K &#8220; Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price faces stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD heading below&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/0758ff78-a88a-4a1d-9dd4-5fa3a11cca05.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,71835,73785],"class_list":["post-543484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-gold","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543484"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543485"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}