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So, what does the fact that bitcoin price was declining when gold and silver were bullish, is telling us? It is quite telling...

Laeserin @Laeserin 1771228990

Investors always chase momentum. Bitcoin has no momentum, at the moment.

1

verbiricha · 1d

buy high, sell low

Three buyers for Bitcoin. Momentum, value, and stackers. No Momo. Maybe some value here, or if not then soon. Stackers reduced some by economic environment IMO. The reverse is also true.

It says bitcoin is not a safe investment, since investors selled bitcoin to buy gold which is considered a safe investment. Bitcoin is not considered a digital gold but a risky asset for profit, that in a crisis is among the first to sell.