In the latest trading session, gold has moved into a new level beyond the $2000 mark, but bitcoin remained fixed at $11,300 while some altcoins were unstable.
Bitcoin attempted to break the $11,500 mark yesterday but unfortunately resulted in a decline in the asset; however, at the time of this writing, the price remains stable at $11,300.
According to experts, due to a pattern forming, the price could rise to the $12,000 mark, and should that happen, that would be a major challenge before it can maintain the daily target of about $12,350.
However, if the pattern results in a negative movement, bitcoin would have to fall back to about $10,000 to $11,000.
Goldman Sachs and Peter Schiff's prediction regarding the value of gold is coming to pass sooner than expected, and yesterday's trading session made the asset value rise beyond the $2,000 mark for the first time.
Source: Cryptopotato
