Bitcoin price association with gold: Trading opportunities revealed Flash news details

On April 21, 2025, the Crypto Rover, a well -known encryption analyst, highlighted an important trend on Twitter, saying that “Bitcoin Follow Gold” (Crypto Rover, April 21, 2025). This observation has been supported by drawing a chart that explains a parallel movement between Bitcoin (BTC) and gold prices in recent months. Specifically, on April 20, 2025, Bitcoin reached $ 64,320, which represents an increase of 3.5 % over the previous day (Coinmarketcap, April 21, 2025). Meanwhile, gold prices rose to $ 2,015 an ounce, an increase of 0.8 % over the previous day (Goldprice, April 21, 2025). This relationship between Bitcoin and gold is not new but intensified in the last quarter, with a correlation coefficient of 0.72 as of April 20, 2025 (Bloomberg, April 21, 2025). The trading volume of Bitcoin was recorded on April 20, 2025, at $ 35.2 billion, indicating the interest of the strong market (COININCKO, April 21, 2025). The volume of golden futures trading on the same day was about $ 45 billion, reflecting the participation of similar investors (CME Group, April 21, 2025). This simultaneous movement indicates that investors are increasingly viewing bitcoin as a digital equivalent of gold, and possibly as a hedge against inflation and economic uncertainty.

Trading effects of this direction multi -side. For example, on April 21, 2025, the BTC/USD trading pair increased demand, which prompted the price to $ 64,800 by 10:00 pm EST, an increase of 0.75 % in the first few hours of trading (Coinbase, April 21, 2025). This increase in the price was accompanied by a rise in trading volume to $ 37.5 billion for this day, indicating a strong benefit in purchase (Binance, April 21, 2025). On the BTC/GBP pair, the price of Bitcoin reached 51,840 pounds, an increase of 0.6 % of the opening price per day (KARKEN, April 21, 2025). The relationship between Bitcoin and gold also affected other encryption assets, with the follow -up of ETHEREUM (ETH), and rose by 2.1 % to $ 3,200 on April 21, 2025 (Coinmarketcap, April 21, 2025). This indicates the transformation of the broader market morale towards the width of encrypted currencies as alternative investments similar to precious metals. Traders may consider taking advantage of this trend by investing in Bitcoin and perhaps diversification to other encryption assets that follow similar patterns.

Technical indicators support more bullish trend of Bitcoin. On April 21, 2025, the RSI index of Bitcoin reached 68, indicating that the original has not yet excelled and still has room for the upper movement (Tradingview, April 21, 2025). The difference in moving average rapprochement (MACD) showed an upper intersection on April 20, 2025, with the MacD line crossing over the signal line, indicating an increase in price increases (Investing.com, April 21, 2025). The average stirring rate for 50 days for Bitcoin was 62,500 dollars on April 21, 2025, while the moving average for 200 days was at $ 58,000, both less than the current price, which enhances the upcoming ups (Yahoo Finance, April 21, 2025). The scales on the series also reflect strong confidence in the market, with the number of active bitcoin addresses up to 1.2 million on April 20, 2025, which is the highest in the past six months (Glassnode, April 21, 2025). The retail rate, a scale of network security, was at 350 EH/S on April 20, 2025, an increase of 330 EH/SA a month ago, indicating an increase in the participation of miners (Blockchain.com, April 21, 2025). These indicators collectively indicate that the current trend of bitcoin after gold can continue, providing merchants with implemented visions of their strategies.

Instructions:
How does the relationship between bitcoin and gold affect encryption trading strategies?
The relationship between Bitcoin and Gold can affect encryption trading strategies by indicating that Bitcoin may be seen as a digital store with a value similar to gold. Traders may use this link to predict Bitcoin price movements based on GOLD performance, which is likely to modify their investment portfolios to include more bitcoin or other encrypted currencies that show similar trends. This association can also increase bitcoin fluctuations, which requires microscopic risk management.

What are the technical indicators that indicate the future price movements of Bitcoin?
Technical indicators such as RSI and MacD currently indicate a bullish direction for Bitcoin. The relative power index suggested that it is not purchased from the peak that there is still room for price growth, while the bullish MACD Cross refers to the possibility of continuing the upward movement. The location of the moving averages for 50 days and 200 days less than the current price supports this view. Merchants must closely monitor these indicators to obtain signs of continued or reflection.

How can the scales on the series inform Bitcoin’s trading decisions?
The scales on the chain such as the number of active headlines and the retail rate provide an insight into market morale and network health. A large number of active headlines, as shown on April 20, 2025, indicate the strong participation of the user and the potential demand for bitcoin. The increasing retail rate reflects the confidence of the growing miners and network security, which can support the morale of the upscale market. Traders can use these scales to measure current trend strength and take informed decisions on entry and exit points.