💵 Bitcoin may reach the mark of $155,000, repeating gold's successful path
Cryptollica analyst compared the charts of gold and $BTC and concluded that the first cryptocurrency is ready to break out of the consolidation wedge and surpass the mark of $100,000, moving towards the target of $155,000.
💡 BTC already has several potential catalysts for growth that have repeatedly fueled bullish rallies in the past.
Among them are the declining US dollar index and record levels of global M2 money supply.
💠 Glassnode specialists emphasize that gold and BTC "are increasingly coming into focus as global neutral reserve assets."
As for the decline in the price of Bitcoin, analysts point out that, by historical standards, the drop from the all-time high remains quite modest — about 30%.