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Analysis: BTC and gold have decoupled, with their correlation falling to a new low since mid-2022
Svmuu News: Data shows that the 52-week correlation between Bitcoin and gold has dropped to zero for the first time since mid-2022 and may turn negative by the end of January.Historically, in similar situations, Bitcoin has typically risen by an average of 56% within about two months, corresponding to a price range of approximately $144,000 to $150,000.From a cyclical perspective, analysts believe that Bitcoin is replicating the path of the 2020–2021 bull market, having transitioned from a long-term consolidation phase into the early stages of a “quasi-parabolic” rally. If historical patterns hold, BTC’s target price for this cycle could be around $150,000. Bitcoin A divergence from gold’s price movements often signals that BTC is poised for a strong rally. The current macroeconomic environment is also viewed as bullish, including a rebound in global liquidity (M2 growth) and the impending end of the Federal Reserve’s quantitative tightening (QT).Matt Hougan, Head of Research at Bitwise, stated that a new round of global monetary easing has begun and may continue to drive Bitcoin prices higher through 2026. (Cointelegraph)
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