🥇 BTC vs PAXG: Is Gold losing its luster as a safe haven?
While Bitcoin is correcting to 77,738 USDT (-3.17%), PAXG is also falling to 4,462 USDT (-2.98%).
📉 Key data:
· BTC has resistance at 80,000 and support at 74,000.
· PAXG has the MA(7) at 4,598 acting as resistance. For gold to rise, it needs to break above 4,600 with volume.
🔮 Outlook: The simultaneous drop suggests investors are pulling liquidity from both assets. If inflation in the US turns out to be high, Gold (PAXG) could regain its safe-haven role before BTC.
I’ll be watching 4,400 on PAXG to buy. What do you think?
#PAXG #OroDigital al #BTC #BinanceSquare
While Bitcoin is correcting to 77,738 USDT (-3.17%), PAXG is also falling to 4,462 USDT (-2.98%).
📉 Key data:
· BTC has resistance at 80,000 and support at 74,000.
· PAXG has the MA(7) at 4,598 acting as resistance. For gold to rise, it needs to break above 4,600 with volume.
🔮 Outlook: The simultaneous drop suggests investors are pulling liquidity from both assets. If inflation in the US turns out to be high, Gold (PAXG) could regain its safe-haven role before BTC.
I’ll be watching 4,400 on PAXG to buy. What do you think?
#PAXG #OroDigital al #BTC #BinanceSquare
