I think the delayed/lack of rate cut news has been priced in, and that it's holding its level well because the fundamentals and narrative are still there.
Central banks are still buying gold (China’s secretive gold purchases help fuel record rally - FT) and it's been blowing BTC out of the water lately, probably something to do with the fact that gold requires mining AND refining whereas bitcoin is just a few lines of code.
Like yes, were seeing that horizontal wedge, but it hasn't broken to the downside despite the whole rate cut thing, which I think is encouraging.
Central banks are still buying gold (China’s secretive gold purchases help fuel record rally - FT) and it's been blowing BTC out of the water lately, probably something to do with the fact that gold requires mining AND refining whereas bitcoin is just a few lines of code.
Like yes, were seeing that horizontal wedge, but it hasn't broken to the downside despite the whole rate cut thing, which I think is encouraging.