We start the week with Bitcoin reaching a new all-time high, driven by increasing demand as a hedge against inflation and its growing institutional adoption.
Key points to consider: 1. Bitcoin at record highs: Interest in this cryptocurrency as “digital gold” continues to rise, fueled by inflation expectations and widespread acceptance. This enhances its appeal for investors seeking protection in uncertain times. 2. Gold in adjustment: Following recent highs, gold is showing a pullback, with potential support at $2,400. This decline reflects a technical adjustment after breaking its upward channel, as shown in the 4-hour chart. It remains a reliable safe haven amid high debt levels and economic tensions.
Conclusion: Gold’s pullback may present a strategic opportunity for those looking to diversify, with $2,400 as a key zone for potential buying interest.
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