Senior analyst: Bitcoin to gold exchange rate may rise by more than 400% next year

BlockBeats news, September 22, Peter Brandt, a senior chart analyst and founder of Factor Trading who successfully predicted the Bitcoin crash in 2018, said that by 2025, the ratio of Bitcoin to gold could rise by more than 400%.

Brandt cited classic technical chart analysis to support his extremely bullish expectations. According to a technical pattern called the Inverted Head and Shoulders (IH&S), this pattern is formed when the price forms three consecutive troughs, and the middle trough (called the head) is deeper than the other two troughs (called the left shoulder and right shoulder). This pattern is formed below a common support line (called the neckline). When the price breaks through the neckline and the trading volume rises, the IH&S pattern disappears. At this time, the price rise is equivalent to the maximum distance between the neckline and the deepest point of the head.

For the Bitcoin to Gold exchange rate, the price of 1 BTC could be equal to 123 ounces of gold as early as 2025, a more than 400% increase from 24 ounces on September 22, 2024.