Bitcoin Price Forecast: BTC/USD Still Stuck Under $12k; BTC Market Dominance Plu

[Lenipiw]

Bitcoin price has in the recent weeks temporarily paused the uptrend that has put it head-to-head with the precious metal, gold. Following the dive to the lowest price of the year in March ($3,800), the correlation between the two assets (BTC and gold) grew significantly.
On the other hand, the correlation between Bitcoin and the traditional market has in recent months dwindled. For instance, as Bitcoin stalls, the stock market in the US is recording massive gains mainly supported by a series of favoring political and economic developments.
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