Analysis: Gold price breakout may make Bitcoin break through $12,000

According to Cointelegraph, analysts are now turning to the strength of gold prices to determine if bitcoin can continue to rise. In recent weeks, Bitcoin has been a safe haven for investors, and the relationship between precious metals and Bitcoin has become increasingly close. Previous geopolitical incidents coincided with BTC/USD rising again to over $12,000. Encrypted traders and developers named RideTheLightning on Twitter pointed out that gold is currently at the top of the short-term range and is seeking to break through. "The price of gold is currently experiencing resistance. If the price of gold breaks through, I don't know if Bitcoin will follow up."