🔥🔥🔥 Gold vs. $BTC - Important to read 🔥🔥🔥
💵 Remember back on October 15, we were expecting BTC to rise above $70,000. Despite widespread pessimism, we compared BTC's chart with a similar period on gold’s chart from 2008, and we were right in our prediction (as shown in that post).
👎 When BTC fell just short of a new all-time high, I revisited its chart looking for “clues” since BlackRock is now positioning BTC as “digital gold” (and they correlate quite well).
😳 Back then, gold also surged, nearly reaching a new all-time high (falling just 2% short) and then entered a higher-level consolidation before experiencing a strong, true upward movement.
📈 I believe we could see a similar consolidation in BTC though likely shorter, with a final movement even sharper than gold’s. Why? Here’s some data:
Gold ETFs have attracted $130 billion, while BTC ETFs have pulled in only $70 billion (53.85% of the inflow into Gold ETFs).
⏺ However, there’s a twist: Gold ETFs launched 20 years ago, while BTC ETFs have been on the market for less than a year. Demand is astonishing, and the “bullish flag” structure shows much weaker buying pressure in gold than on BTC’s chart (BTC has a capped supply, making it a deflationary asset, while gold’s supply isn’t capped, making it inflationary—hence, BTC’s price reacts more sharply to purchases).
✅ So, my conclusion is: either BTC breaks its all-time high soon amid a “shock demand” scenario, defying any correlation to this part of gold’s chart; or if BTC’s previous all-time high ($73,777) isn’t surpassed shortly, history will repeat, with a consolidation phase ahead. The optimal price during this consolidation would likely be between $64,800-$63,200 per BTC, before a global price surge (this remains our area of interest), assuming, of course, that the market offers such an opportunity in the future.
I hope you found this interesting—I wanted to share my thoughts and observations with you! ❤️