Jordan Roy-Byrne: How Bitcoin & Crypto Crash Could Lead to Gold Launch

Sharing is Caring!

The Daily Gold, Released on 5/7/21

Bitcoin and crypto are extremely overbought and at risk of a significant correction. There are parallels to the end of 2017 peak in crypto which was followed by two corrections in the stock market and a significant low in Gold. In other words, a peak in Bitcoin could lead to stock market correction, which would be very bullish for Gold.

READ  BITCOIN CRASHING TO $16,000 WOULD BE COMPLETELY NORMAL IF WE LOOK AT ITS HISTORICAL PRICE ACTION

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.