But a deep dive into the shows pretty interesting comparisons
In 1975, Gold peaked at $1.2T market cap, before a 50% drop, and continuing it's rally until it peaked at a $5T market cap.
In 2021, Bitcoin accomplished a $1.2T market cap, followed by a 50% drop, ?
This overlaid not only suitably fits the price action in the BTC price, but also respects the extended Fibonacci levels from the 2017 peak.
This would predict a BTC top at around $250,000 per coin in mid Feb 2022...
Optimistic? Certainly, but as continues to favour hedging assets, and the digital Gold narrative only continues to gain traction - it makes for compelling, albeit dubious speculation!
What are your thoughts on Bitcoin and this fractal?