Volatility Ratio between Bitcoin and Gold
Setting up the volatility ratio between 2 assets will help investors to choose which one is better to hold. These ratios are also the basis for predicting the future price of the asset.
The Bitcoin/Gold ratio has plunged to the best supporting level that was previously the 2008 resistance level.
- Bollinger Band statistical chart displays the ratio is at a rare support zone for many years. Look out for the green areas that reach -2, that’s the Bitcoin recovery zone.
- It can be said that this is the best time to make an investment decision.
Measure market “strong hands”
Bitcoin Dormancy Flow is a lifespan indicator. It measures the average number of Bitcoin days destroyed on each transaction. A lower Dormancy Flow indicates that the most patient holders have collected the majority of their Bitcoins from retail traders after a strong selling. Then, holders (who have never sold off) will begin to distribute their Bitcoins for a new bull cycle as new buyers emerge.
The green zone is where Dormancy Flow support. This on-chain indicator not only reached the 180 support zone but also reached it twice. In the past, this was the potential time for buying.
60% price drop won’t let “strong hands” down
Bitcoin has been down more than 60% since its ATH, and BTC long-term holders (at least 10 years) have remained steady at above 13%. That “stubbornness” is an important element of the stable growth of this coin.
Disclaimer: This article is for reference purposes only, not investment advice. Investors should have deep research before making a decision. We are not responsible for your investment decisions.
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