“In 2025, digital gold can increase in price five times compared to its physical counterpart. Technical analyst and head of Factor LLC Peter Brandt came to this conclusion. When I look at the chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&S pattern, neckline at 32.5 to 12. Left shoulder low at 14.2 to 13. […]”, — write: businessua.com.ua
In 2025, digital gold can increase in price five times compared to its physical counterpart. Technical analyst and head of Factor LLC Peter Brandt came to this conclusion.
When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU
1. Continuation inverted H&S pattern, neckline at 32.5 to 1
2. Left shoulder low at 14.2 to 1
3. Right shoulder forming flag
4. Could decline into high teens to 1
5. Target 123 to 1 pic.twitter.com/VKvsDqwkuU— Peter Brandt (@PeterLBrandt) September 21, 2024
The expert substantiated his opinion by the formation of a “reverse head-shoulders” figure on the graph of the ratio of two assets. For its implementation, it is necessary to fix quotations above the “neck” line with an increase in the volume of trades. This will create the potential for further movement to the distance between this landmark and the smallest point of the “head”.
Applying this principle to the BTC/GLD chart, the upside target is around 123 (+400%). In other words, one coin will be valued at 123 ounces of gold, compared to 24 ounces at the time of writing.
On September 23, the rate of the yellow metal set a new record of $2,630 against the backdrop of policy easing Fed and increasing geopolitical tensions in the Middle East. Over the past two weeks, the asset has risen in price by more than 5%.
Earlier, the president of Euro Pacific Capital, Peter Schiff, noted that the first cryptocurrency did not update ATH since March, unlike gold.
It will be recalled that the ex-CEO of BitMEX Arthur Hayes called bitcoin a more reliable safe-haven asset than the precious metal, given the lack of national control.
According to Bitfinex, the first cryptocurrency is capable of saving investors’ capital during an economic downturn, although the market for digital assets may suffer.
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