Bitcoin price rally at risk as gold and US dollar show signs of recovery

Cointelegraph

Published Dec 04, 2020 05:35PM ET

Updated Dec 04, 2020 08:40PM ET

Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially as it comes off of an 80-day pullback period.

Bitcoin has seen strong momentum in the past three months, as it achieved an all-time high on Coinbase and a number of other major exchanges.

Largest three-week outflows from gold. Source: Dan Tapiero, BofA

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