This chart compares XAUUSD (Gold, bar), S&P 500 (blue line) and BTCUSD (orange line).
After a well deserved correction, Bitcoin has been used as a low-correlation hedge vehicle for institutional investors, following its securitization in Chicago's trading floor. It is apparent from the given chart that both Gold, which is commonly conceived as a safe haven...
Broke a strong resistance at 40.64
Support by MA 70, and 40.77
May continue weak downward movement for a day or more, but eventually will see it run bullish
