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2025-06-13
19:16
Gold Price Strength on 4H Chart Fuels Passive Bitcoin (BTC) Bid as Geopolitical Tensions Escalate

According to Skew Δ, gold ($GOLD) remains strong on the 4-hour chart, with technical momentum that could be supporting a passive bid on Bitcoin (BTC) as traders seek alternative safe havens. The analyst highlights that gold's upward movement is likely influenced by the potential for escalating conflict involving Iran, particularly concerns over oil facility strikes. This geopolitical risk is driving capital flows into both gold and BTC, reinforcing the narrative of Bitcoin as digital gold during times of crisis (Source: @52kskew on Twitter, June 13, 2025).

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