I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :)
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two...
Gold is an interesting chart to use for purpose of calling bitcoin tops and bottoms, and conversely when to buy gold. XAUBTC looks to fall around 30% more for buy zone
One more move down... and one more very last move down... and one more...
But then, at some point, there's just BOOM!!... and the upward slingshot movement starts!
Or am I looking at this the wrong way?
(Note: we are looking at the Weekly chart)
