According to BlockBeats, on September 22, Peter Brandt, a senior chart analyst and founder of Factor Trading who successfully predicted the Bitcoin crash in 2018, said that by 2025, the ratio of Bitcoin to gold may rise by more than 400%.

Brandt cites classic technical chart analysis to support his extremely bullish outlook. According to a technical pattern called the Inverted Head and Shoulders (IH&S), this pattern forms when prices form three consecutive troughs, with the middle trough (called the head) being deeper than the other two troughs (called the left and right shoulders). This pattern forms below a common support line (called the neckline). The IH&S pattern disappears when prices break through the neckline on rising volume. At this point, prices rise by an amount equal to the maximum distance between the neckline and the deepest point of the head.

Regarding the Bitcoin to gold exchange rate, the price of 1 BTC could be equal to 123 ounces of gold as early as 2025, a rise of more than 400% from 24 ounces on September 22, 2024.

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