🚨 Can Bitcoin Surpass Gold? Analyzing the Market Trends❤️‍🔥

Gold has experienced a decline over the past few months, aligning with predictions as the market entered a corrective phase within a larger wave pattern. Currently, it appears we are in a pause phase of a higher-degree wave pattern, potentially nearing its end. If this holds true, a price increase could be on the horizon in the upcoming wave cycle.

Bitcoin, meanwhile, remains in an upward trend despite a recent pullback from its peak in March. This pullback likely represents a broader corrective wave on the daily chart, possibly forming a flat correction pattern. The anticipated bottom for this correction could be in the range of $55,000 to $50,000.

As gold shows signs of rebounding and demonstrating strong performance post-correction, the $BTC/Gold ratio chart has reflected this by declining. However, once the $BTC/Gold ratio completes its current correction phase, potentially reaching wave (C) of a larger A-B-C pattern, a significant upward move could follow. This scenario suggests that Bitcoin might approach or even surpass its previous highs relative to gold, indicating a potential bullish trend for Bitcoin in comparison to the traditional safe-haven asset.

This analysis underscores the dynamic nature of both markets and highlights the evolving relationship between Bitcoin and gold as investors navigate market cycles and corrective phases.

#BTC☀ #BinanceTournament #US_Job_Market_Slowdown #US_Job_Market_Slowdown #Write2Earn!