Bitcoin vs Physical Silver gives a calmer view of bitcoin value increase.
It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles).
Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.
It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles).
Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.
Note
Bitcoin just broke out of silver price consolidation, moving UP.Bitcoin not breaking out against Gold 1/BTCXAU yet.
Note
Breakout not achieved, more sideways (maybe some down) consolidation.Note
Breakout achieved, more confidently this time.Note
given we've broken out, I recalculated and including the current price change. 12x increase from current position is estimated not 15, but who's counting? peak at 85000 on this scaleNote
ready to bounce up
Note
I wonder if the last cycle was just a holding pattern (same against gold). lets see if this gets back on track now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.