🚨 🚨 Can Bitcoin Surpass Gold? Analyzing the Market Trends ❤️🔥
Gold has seen a decline over the past couple of months, following a predicted move as the market entered a corrective phase within a larger wave pattern. Currently, it appears that we are in a pause phase of a higher-degree wave pattern, potentially nearing its end. If this holds true, we could see a price increase in the upcoming wave cycle.
Bitcoin, on the other hand, remains in an upward trend despite a recent pullback from its peak in March. This pullback is likely part of 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, there could be a significant move upwards. 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.
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