Did gold just frontrun us, will Bitcoin next? On monthly chart Gold broke out of resistance then consolidation for a few months, then boom. Gold have been in a cup & handle formed over 10 years, this should hit 3k+ short term and 4k in the end. Been saying it for years, and so do the banks think, they dont even trust theire own "paper" money..
my gold chartSo Bitcoin, halving completed and not much price-wise has happened, we are rangebound between 73-59k. (the white box as gold did) As mentioned in the previous post.
16 days until halving. Either we get an easy ride, keep the pattern or we get a dump. Lvl of interest if $60k,8 is broken is 59k, 57k, 52k. (a 30% drop from the high is in line with previous cycles.) But after halving compared to previous cycle BTC went sideways for a few months and ALTS went up 150%..
So maybe it's time to go sidewas for a few months like we've done before. We get no direction until we have a monthly candle close above or below, if below I think guaranteed to see 50k and probably lower, close above -> bullrun parabolic phase we all are waiting for right? What do you think @mypathtofire 😃
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Christopher
Kristiansand, Norway
Source: Photos are chart-screenshots by me from Tradingview.com
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