Bitcoin Bull Divs Build As Gold Prepares To Hit New $4.5k Record High

Bitcoin printed bullish signals against gold and the dollar while staying below $90,000 as a whale opened multimillion-dollar crypto shorts.

Bitcoin (BTC) stayed lower into Tuesday’s Wall Street open as traders saw further BTC price downside next.

Bitcoin shorts pile in ahead of the Wall Street open as Bitcoin and precious metals continue to go separate ways.

Moving averages function as stiff resistance as $90,000 remains unbeaten.

Bitcoin begins printing bullish divergences against both the US dollar and gold.

Data from TradingView showed BTC/USD trading down around 1% on the day.

After rejecting at $90,000 the day prior, expectations were uninspiring for the pair, which languished while gold and silver hit new all-time highs.

“$BTC Keeps rejecting from its 4H 200MA/EMA Trend,” trader Daan Crypto Trades observed in his latest analysis on X.

Daan Crypto Trades referred to the 200-period simple (SMA) and exponential (EMA) moving average “cloud” on four-hour timeframes.

Fellow trader Crypto Tony correspondingly decided to wait for new intraday lows for a long entry.

Source: CoinTelegraph