๐ธ Live Summary for Publication: Analysis of Bitcoin vs Gold:$BTC
๐ A comparison between gold in the seventies and Bitcoin today reveals a striking similarity:
โ Breakout from a descending channel.
๐ Successful test after the breakout.
๐ Gold rose +100% after the breakout.
๐น Bitcoin is currently following the same technical path, and if the pattern repeats:
๐ฏ Expected targets for Bitcoin:
First target: from $135,000 to $150,000
If gold's movement is replicated: Bitcoin could reach $200,000 or more.
๐ก The main condition:
A strong drop in gold may lead to a capital shift towards Bitcoin, which would enhance the sharp rise.
#Bitcoin #BTC