Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence suggests that Bitcoin might be experiencing an “autocorrelation hangover.” McGlone’s position is premised on data from the 100-week Moving Average of Gold against Bitcoin shared in a chart by Bloomberg Intelligence.
Bitcoin (BTC) $ 95,032.00
Ethereum (ETH) $ 3,280.20
Tether (USDT) $ 0.999615
Dogecoin (DOGE) $ 0.311470
USDC (USDC) $ 1.00
Cardano (ADA) $ 0.881141
TRON (TRX) $ 0.245659
Chainlink (LINK) $ 22.48
Stellar (XLM) $ 0.353390
Hedera (HBAR) $ 0.263343
Bitcoin Cash (BCH) $ 439.66
LEO Token (LEO) $ 9.37
Litecoin (LTC) $ 102.06
Cronos (CRO) $ 0.153051
Ethereum Classic (ETC) $ 26.08
VeChain (VET) $ 0.045481
Monero (XMR) $ 186.90
Dai (DAI) $ 1.00
Algorand (ALGO) $ 0.352147
OKB (OKB) $ 45.16
Cosmos Hub (ATOM) $ 6.39
Stacks (STX) $ 1.61
Theta Network (THETA) $ 2.18
Gate (GT) $ 13.00
Maker (MKR) $ 1,571.58
KuCoin (KCS) $ 11.04
Tezos (XTZ) $ 1.28
EOS (EOS) $ 0.787161
IOTA (IOTA) $ 0.293063
NEO (NEO) $ 13.99
Zcash (ZEC) $ 58.45
Polygon (MATIC) $ 0.472246
Synthetix Network (SNX) $ 1.98
Tether Gold (XAUT) $ 2,638.62
TrueUSD (TUSD) $ 1.00
Dash (DASH) $ 35.87
Holo (HOT) $ 0.002376
Zilliqa (ZIL) $ 0.020853
Enjin Coin (ENJ) $ 0.217468
0x Protocol (ZRX) $ 0.449076
Siacoin (SC) $ 0.005629
Qtum (QTUM) $ 3.08
Basic Attention (BAT) $ 0.214658
Ravencoin (RVN) $ 0.020828
Bitcoin Gold (BTG) $ 17.09
Decred (DCR) $ 16.12
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DigiByte (DGB) $ 0.012177
Ontology (ONT) $ 0.223824
Nano (XNO) $ 1.37
ICON (ICX) $ 0.170910
Waves (WAVES) $ 1.67
Status (SNT) $ 0.042028
Huobi (HT) $ 1.02
Hive (HIVE) $ 0.336697
Lisk (LSK) $ 0.911304
Numeraire (NMR) $ 15.00
Steem (STEEM) $ 0.206978
Pax Dollar (USDP) $ 1.00
BUSD (BUSD) $ 0.997399
OMG Network (OMG) $ 0.330738
Ren (REN) $ 0.028973
Bitcoin Diamond (BCD) $ 0.063579
Bytom (BTM) $ 0.004145
