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BITCOIN to $13500 by July? This pattern shows it is possible!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Before claiming that it is pointless comparing Bitcoin to Gold take look at the charts below:



On the first chart, the $9000 mark has been hit purely based on a signal given by the similarities of Bitcoin's price action after its bottom to Gold's respective pattern and the buy signal it gave after the +33.50% bounce. See how smoothly Bitcoin's price action followed the projected pattern. On the second chart, see how weel the Golden Cross signaled the rise from $5500 to $8500.

So coming to today. BTC is close to reaching its 0.382 Fibonacci retracement level from its All Time High ( ATH ). When Gold approached the 0.382 level, it consolidated, and then skyrocketed to the 0.618 Fibonacci in 490 days. That's +0.26% on the 1862 days it took from the bottom to just below 0.382. If we apply the same rate on Bitcoin's 161 day's (bottom to just below 0.382), the projection puts $13500 in 42 days!

Again I need to point out the obvious (for the record) on the different time frames as I have done on every BTC - Gold comparison to avoid comments that fail to see the fundamental point (viewing Bitcoin as a long term investment) behind such comparisons:

"The different time frames ( BTC on 1D/ Gold on 1W) shouldn't affect the conclusions derived as Bitcoin's life span is far shorter than Gold which has been used as a store of value for centuries. Moreover Bitcoin has been moving at a much faster pace since its invention, so the market psychology, dynamics etc have adapted to a much shorter time frame."


How accurate do you think such a comparison can be?
I welcome all opinions in the comments section! Like and subscribe if you enjoy the content!
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what the future hold for Bitcoin, the answer is here on this detailed BTC market post.
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@weslad, Thank you Weslad! I would love to live this day through of the wave 5 peak!
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weslad TradingShot
@TradingShot, I also copy this your great prayer brother.
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Second leg of the pump done and micro bearish trends forming, short-term outlook in this upwards trend. However, $9,000 might act like a magnet for the price

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TradingShot CopilotThe
@CopilotThe, Fully agree with those levels.
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Perfect Fit ! BTC is going to replace Gold in few year from now. But can ´t go straight there. Looking at a first pullback around 9600 (range 6700-7200) , and a second pullback to 7200-8000 when we touch 11400-11600 in June and then 14K by Aug-Sept. I will buy every dip.
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TradingShot CryptoHedge_DG80
@CryptoHedge_DG80, Excellent strategy!
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@seba26-77, You know I can't disagree with that!
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