RATE Group | Bitcoin is Once Again Following the Price of Avocados
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Bitcoin is Once Again Following the Price of Avocados

29 Oct Bitcoin is Once Again Following the Price of Avocados

Posted at 00:24h in Bitcoin News by

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In a funny tweet by Bloomberg journalist Tracy Alloway, the price of Bitcoin seems to oddly follow the price of avocados in Mexico. Sadly, the price of the fruit has plummeted this month.

Could following the price of avocados be the secret to predicting Bitcoin’s future movements? Oddly enough, the price chart of both the fruit and the leading cryptocurrency follow each other quite closely.

As Bloomberg reporter Tracy Alloway humorously tweeted recently, the price charts of both oddly mirror each other. The absurd correlation might leave you scratching your head—and it has to be seen to be believed.

As seen in the chart, the price of avocados seems to mirror the price of Bitcoin from February 2019 up until September. Since then, the fruit has decoupled from Bitcoin with its price plummeting this month. However, perhaps…

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