- Gold mirrors epic 2020 price pump patterns which led to a 660% BTC price pump.
- Bitcoin could make a similar move in the coming months and 2025.
- Ethereum’s (ETH) price chart also shows strong bullish signs.
The price of Bitcoin (BTC) sunk back to below the $60,000 price range and is now at $58,640. Despite this drop, sentiments for the bullish Q4 for the crypto market remain strong. This sentiment is based on historical chart patterns where Bitcoin always outperformed previous months in Q4 of a Bitcoin Halving year. Supporting this sentiment are the current chart price actions of Bitcoin (BTC), Ether (ETH), and Gold.
Based on the post above, one crypto enthusiast marks an exciting observation for BTC and gold. In the chart, we see the price action of Bitcoin and Gold. In 2020 when Gold broke away and took the lead, Bitcoin followed its surge and overtook it leading to the 2021 BTC bull run ATH. Presently, the chart is now mirroring a similar pattern.Â
As the post depicts, the price of Gold is now leading following a significant surge to its price. If the same pattern of 2020 plays out, the price of Bitcoin (BTC) could surpass the ongoing surge of Gold. This supports many crypto analystsâ expectations for BTC to set a new ATH in the coming months and possibly the next year. To highlight, Gold rallied by 40%, after which bitcoin rose by 660%.
Another prime asset also signaling bullish patterns is the Ethereum networkâs native token Ether (ETH). To highlight, the analyst in the post above notices how ETH seems to be replicating a pattern from 2023. This rally led to a pump of over 165% and the analyst expects similar action once again.
The analyst concludes with an expectation of a $4,723.5 price target for ETH in the coming bull run phase of the ongoing bull cycle. He says once this target is reached, another pump towards $8,100 and above is highly likely for ETH. If these expectations play out, BTC and ETH could outperform Goldâs price surge in the coming months.
The post Bitcoin, Gold, and ETH Prepare for Massive Pump as Price Chart Mirror Historical Patterns, Will BTC See Another 660% Surge? appeared first on Crypto News Land.
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