The crypto market may be about to shift, according to an analysis by top analyst CryptoCon. The analyst has shared insights on X predicting the start of a new Bitcoin bull market.
Moreover, CryptoCon tweeted that Bitcoin’s bull market connections to Gold’s bear market, show there may be a BTC price boom soon. This is based on historical cycles observed over several years.
The #Bitcoin bull market starts where the Gold bear market begins.It's been 208 weeks since the last Gold bear market pinnacle, others have been triggered at 196 and 213 weeks…Not much longer now for the big flip and Bitcoin bull run pic.twitter.com/RipcYut8da
— CryptoCon (@CryptoCon_) July 31, 2024
Analyzing BTC and Gold Historical Patterns
In CryptoCon’s chart, the connection between Bitcoin and Gold markets has been shown in details. According to his chart, 2013, 2017, and 2021 were important periods for Bitcoin’s bull runs as they coincided with bearish moments of gold.
Moreover, the intervals between these events are critical. For instance, the interval between Gold bear markets from October 2012 to July 2016 was 196 weeks, while the interval from July 2016 to August 2020 was 213 weeks.
Currently, it has been 208 weeks since the last Gold bear market peak in August 2020, suggesting that another Gold bear market, and consequently a Bitcoin bull market, may be on the horizon.
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Show more +Show less – Cyclic Patterns in Gold and Bitcoin Markets
The chart emphasizes the inverse relationship between Bitcoin and Gold. Bitcoin’s bull markets, marked by steep upward trends, appear to begin as Gold enters its bear market phases.
Additionally, this pattern is evident from the historical data, where each Bitcoin bull run is followed by a consolidation period. Meanwhile, Gold experiences a substantial value decline during its bear markets.
Read also: AI Predicts Ripple (XRP) Price in 2025 and Factors to Consider
Implications for Future Market Movements
CryptoCon’s analysis implies that the next Bitcoin bull run could be triggered soon. The historical intervals between Gold bear market peaks align with the current period of 208 weeks, falling within the previous ranges of 196 and 213 weeks.
This predictive model suggests a cyclical pattern where Bitcoin enters a bull market phase as Gold experiences a bear market. If these patterns hold, investors may soon witness a shift in market dynamics.
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