Bitcoin vs Gold
DO NOT MOVE THE CHART OR YOU WILL BREAK THE COMPARISION AND IT WILL BREAK THE CORRELATION ANALYSIS!!!!
Gold and Bitcoin Analysis: Inverse Correlation and Bullish Projection to $675,000 by Mid-2025
Gold has reached the upper part of an upward channel (pink channel), acting as a key technical resistance level. Over the past 10 years, when gold reaches these levels, it tends to correct before continuing its upward trend.
If gold corrects in the coming months, it is likely that liquidity will flow into Bitcoin, similar to what happened in 2020 (marked with a red square). This could trigger a significant bullish rally in BTCUSD.
Based on the historical pattern and if an inverse correlation occurs, it is projected that Bitcoin could experience exponential growth in the coming years, reaching a target of $675,000 by mid-2025.
This projection is based on the following technical and fundamental factors:
Expected Scenario (Mid-2025):
If the 2020 pattern repeats, the crossing of paths between gold and Bitcoin could occur by mid-2025, with Bitcoin outperforming gold in terms of returns.
The $675,000 target is based on an extrapolation of Bitcoin’s previous cycles, where bullish rallies have multiplied the price by factors of 5x to 10x.
Key Levels to Watch:
Gold and Bitcoin Analysis: Inverse Correlation and Bullish Projection to $675,000 by Mid-2025
Gold has reached the upper part of an upward channel (pink channel), acting as a key technical resistance level. Over the past 10 years, when gold reaches these levels, it tends to correct before continuing its upward trend.
If gold corrects in the coming months, it is likely that liquidity will flow into Bitcoin, similar to what happened in 2020 (marked with a red square). This could trigger a significant bullish rally in BTCUSD.
Based on the historical pattern and if an inverse correlation occurs, it is projected that Bitcoin could experience exponential growth in the coming years, reaching a target of $675,000 by mid-2025.
This projection is based on the following technical and fundamental factors:
- Institutional adoption: Companies and funds continue to invest in Bitcoin as a store of value.
- 2024 Halving: The reduction in the supply of new Bitcoins (halving) will act as a bullish catalyst, similar to previous cycles.
- Macroeconomic context: Global inflation and expansive monetary policies could drive demand for Bitcoin as a hedge against fiat currency devaluation.
Expected Scenario (Mid-2025):
If the 2020 pattern repeats, the crossing of paths between gold and Bitcoin could occur by mid-2025, with Bitcoin outperforming gold in terms of returns.
The $675,000 target is based on an extrapolation of Bitcoin’s previous cycles, where bullish rallies have multiplied the price by factors of 5x to 10x.
Key Levels to Watch:
- For Bitcoin (BTCUSD):
- Support: Accumulation zone around 96,000 ( current level).
- Resistance:Long−termtarget at 675,000 (mid-2025).
- Support: Accumulation zone around 96,000 ( current level).
- For Gold (XAUUSD):
- Resistance: Upper part of the pink channel (current level).
- Support: Fibonacci levels (61.8% and 50%) in case of a correction.
- Resistance: Upper part of the pink channel (current level).
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.
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.