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

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BTC-bull 3

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

https://twitter.com/DrProfitCrypto/status/1873634029557166106

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 Bitcoin’s Next Breakout

Dr. Profit Crypto predicts Bitcoin’s 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 Bitcoin’s 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 Bitcoin’s 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.

The post From 89k to 135k: Analyzing Bitcoin’s Path Using Gold’s Market Cycles appeared first on Crypto News Land.

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