$BTC vs Gold #ETFsApproval

#BTC and gold have always been compared with each other due to their decentralized nature, limited supply and global acceptance, of which this comparison increased when the Bitcoin #etf came into limelight.

Several analysts predicted that the path of bitcoin pre and post ETF approval would be similar to that of Gold. As we can see from the chart, the analysts got it right with regards to the path Bitcoin would take pre ETF approval and the short term trajectory post approval.

However, with regards to its long term trajectory, they say history repeats itself, and with the current trend, rapid developments in the crypto space and the upcoming #Halving , the signs point to new ATH being in sight for the King of Crypto. Though BTC could take different paths but all the paths seem favorable.

Long term investors still remain confident in their BTC investment, however, for day traders, careful analysis should be done when entering trades with proper risk management (p.s. do not trade without stop loss).

I hope to look back at this post in the next 3-4 months and smile that our general analysis held true.

Happy Trading and Investing.