Bitcoin Is Following Gold's Footprint? 🚀
This chart cannot lie. Technically, Bitcoin is repeating the fractal pattern of Gold before experiencing a major breakout!
Key Points:
• Gold (Right): Successfully broke through the upper resistance after a long consolidation phase.
• Bitcoin (Line): Is right at the support bounce area (green circle), a position identical to Gold before it took off.
• Correlation $XAG: As the "brother" of gold, Silver ($XAG ) usually follows this momentum with higher volatility. That's why I remain Bullish on my Silver position.
Conclusion:
We may be at the end of the accumulation phase. As long as the lower trendline holds, the next target is the upper resistance towards a new psychological price.
What do you all think? Is there still time to scoop up or is it too late? 👇
$BTC $XAU
