The Bitcoin-silver exchange rate is approaching levels seen in November 2022, and silver may have already reached the peak of this cycle.

01/27 12:30

 currently, the exchange rate between Bitcoin and silver is about 780. This level is already below the peak when Bitcoin reached $20,000 in 2017, and close to the level in November 2022, when the ratio dropped to about 700, and Bitcoin also bottomed near $15,500. This renewed convergence of the ratio suggests that silver relative to Bitcoin may be entering a more vulnerable phase. Historically, silver's cyclical tops tend to concentrate in the early part of the year, mostly occurring in the first half. This historical pattern poses a potential risk signal for the current silver price trend. If history repeats itself, silver may have already reached the high point of this cycle, and it is even possible that it has peaked.
bullishbullishbullishBullishbearishbearishbearishBearishLikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Depot reports $3.6M loss in cyberattack targeting settlement accounts

  • Image

    Bitcoin Needs An Upgrade—But Not Because Of Quantum, Research Argues

  • Image

    In-Depth Report on Web3 Robots Sector: When Machines Become On-Chain Economic Agents

All Comments0LatestHot

avatar
LatestHot

Related Articles

  • Image

    Bitcoin Depot reports $3.6M loss in cyberattack targeting settlement accounts

  • Image

    Bitcoin Needs An Upgrade—But Not Because Of Quantum, Research Argues

  • Image

    In-Depth Report on Web3 Robots Sector: When Machines Become On-Chain Economic Agents