BitcoinUpdated Bitcoin vs Gold Fractals
The Bitcoin weekly chart shows price action similar to the Gold monthly chart. This fractal suggests Bitcoin may undergo a long correction until the end of 2024. It may drop to USD 50K, bounce, and retest the all-time high again. If this happens, the crypto market will not be good this year. However, it may be good for long-term investors to re-accumulate.
Note
Bitcoin has been following the Gold price movement very well so far.Note
Picture perfect! Bitcoin will resume its bull run from here. Target 240K in June 2025.Trade active
Bitcoin may reach 100K this week before a quick correction.
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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.