The latest weekly chart (left) continues to propel the idea that it will move higher after holding above the mid $ 40 mark – the opposite of what it did in mid-May.
In relation to, the pattern of Bitcoin similar to summer 2020 (middle graph). Bitcoin needs to close above $ 53,000 for the month to maintain its 7-month upward channel while maintaining the positive momentum opposite.
This would imply a significant uptrend as long as the XAU / USD holds above $ 1770.
Bitcoin / Gold weekly and daily charts.
Source: Crypto News Deutsch