Incredible similarities between Chart GOLD and BITCOIN. Will BTC grow after Bear Trap?

Many times we see the charts of GOLD and Bitcoin move quite similarly. This time, the same thing happens but in a different timeframe. Check it out:

Chart GOLD W1 (2020 - 2023): In this chart, GOLD created a Double Top model, GOLD price corrected deeply and fell below the support zone. After successfully creating a Bear Trap at EMA 200 (W1), GOLD price continuously increased and broke its peak.

Bitcoin Chart D1 (2024): Currently, Bitcoin has also created a Double Top model but cannot break the ATH price level. After that, Bitcoin corrected deeply below the support zone. Price recovered at EMA 200 D1 and this could be a new support zone.

It cannot be confirmed that Bitcoin is creating a Bear Trap and will increase in price to break the ATH price, but the current Liquidity Hunt process often takes place before large Bull-Runs. Some news that can boost money flow into Bitcoin in the near future include:

- FTX pays 16 billion USD in cash to users

- The new US president supports crypto

- FED reduces interest rates

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