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From 89k to 135k: Analyzing Bitcoin‘s Path Using Gold’s Market Cycles

From 89k to 135k: Analyzing Bitcoin‘s Path Using Gold’s Market Cycles WikiBit 2024-12-31 18:04

Bitcoin moves 5.17 times faster than gold during similar market phases.Psychological resistance at $

  • Bitcoin moves 5.17 times faster than gold during similar market phases.
  • Psychological resistance at $100,000 delays Bitcoins breakout to $125k-$135k.
  • Dr. Profit Crypto predicts Bitcoins next significant move follows golds fractal patterns.

Bitcoin‘s price action continues to surprise and fascinate. Dr. Profit Crypto has revealed a compelling link between Bitcoin and gold’s market cycles. His analysis shows Bitcoin follows gold‘s fractals but moves much faster. The calculated speed ratio highlights how Bitcoin advances 5.17 times faster than gold during key phases. Could this speed and alignment hold the key to predicting Bitcoin’s next big move?

#BTC – Whats Next?

The Big Sunday Report: All You Need to Know:

???? SPECIAL REPORT: Gold vs BTC speed ratio

Today we speak about Bitcoin vs Gold Speed Ratio and the importance to consider the fractal of gold with the fractal of Bitcoin on different time zones, and I found…

— Doctor Profit ???????? (@DrProfitCrypto) December 30, 2024

Bitcoin Outpaces Gold

Dr. Profit Crypto compared Bitcoin‘s daily chart to gold’s weekly chart. The fractals are nearly identical, despite the difference in timeframes. Bitcoin‘s rapid pace means it takes much less time to complete similar phases. For example, Bitcoin would need only 28 days to exit the second sideways phase, compared to gold’s much longer timeline.

However, the sideways phase for Bitcoin has already lasted 39 days. This delay is due to psychological resistance near the $100,000 level. Crypto market fears, including the recent Tether panic, add to the hesitation. Yet, the larger trend remains bullish, with a breakout appearing imminent.

Forecasting Bitcoins Next Breakout

Dr. Profit Crypto predicts Bitcoins next move will target $125,000 to $135,000. Despite delays, the current fractal alignment with gold suggests the market remains on track. Investors looking for guidance can use these insights to anticipate Bitcoins future price action.

Dr. Profit Crypto continues to hold long positions from $52,000 and $61,000. He has also placed additional buy orders between $89,700 and $92,000. His unwavering confidence signals optimism about Bitcoins trajectory.

By studying Bitcoin‘s relationship with gold, Dr. Profit Crypto offers a unique perspective. These patterns provide a roadmap for understanding Bitcoin’s next potential breakout, reinforcing the significance of past market cycles in predicting future movements.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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