Did Bitcoin just finish its 8-week delay in copying gold's all-time highs?

Bitcoin's price action suggests it may follow gold toward new all-time highs after consolidating early-week gains. Currently, BTC hovers around $113,000, with traders indicating that it must break through a critical resistance level of $115,000 to confirm further upward momentum. Concerns remain regarding a potential retreat to $110,000, linked to gaps in Bitcoin’s futures market. Traders see a positive correlation between Bitcoin and gold, with the latter recently reaching record highs of $3,871 per ounce. Experts believe Bitcoin is effectively mirroring gold's trajectory with an observed delay of about eight weeks. Predictions indicate that Q4 could be significant for Bitcoin, especially if it continues to consolidate before a breakout. Investors are advised to conduct thorough research before making any trading decisions due to the inherent risks in cryptocurrency investments.

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