{"id":17190,"date":"2024-09-23T13:14:44","date_gmt":"2024-09-23T10:14:44","guid":{"rendered":"https:\/\/forklog.com\/en\/peter-brandt-predicts-bitcoins-surge-against-gold\/"},"modified":"2024-09-23T13:14:44","modified_gmt":"2024-09-23T10:14:44","slug":"peter-brandt-predicts-bitcoins-surge-against-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peter-brandt-predicts-bitcoins-surge-against-gold\/","title":{"rendered":"Peter Brandt Predicts Bitcoin&#8217;s Surge Against Gold"},"content":{"rendered":"<p>In 2025, digital gold could potentially increase fivefold in value compared to its physical counterpart. This conclusion was drawn by technical analyst and head of Factor LLC, Peter Brandt.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">When I look at chart of Bitcoin\/Gold ratio, here is how I view it: <a href=\"https:\/\/twitter.com\/search?q=%24GC_G&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GC_G<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTCXAU&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTCXAU<\/a><br \/>1. Continuation inverted H&#038;S pattern, neckline at 32.5 to 1<br \/>2. Left shoulder low at 14.2 to 1<br \/>3. Right shoulder forming flag<br \/>4. Could decline into high teens to 1<br \/>5. Target 123 to 1 <a href=\"https:\/\/t.co\/VKvsDqwkuU\">pic.twitter.com\/VKvsDqwkuU<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1837621965407818193?ref_src=twsrc%5Etfw\">September 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert based his opinion on the formation of an &#8220;inverted head and shoulders&#8221; pattern on the chart of the two assets&#8217; ratio. For its realization, it is necessary for quotes to consolidate above the &#8220;neckline&#8221; with increased trading volume. This would create the potential for further movement over the distance between this benchmark and the lowest point of the &#8220;head.&#8221;<\/p>\n<p>Applying this principle to the BTC\/GLD chart, the growth target is approximately 123 (+400%). In other words, one coin would be valued at 123 ounces of gold compared to 24 ounces at the time of writing.<\/p>\n<p>On September 23, the price of the yellow metal set a <a href=\"https:\/\/www.fxstreet.com\/news\/gold-skyrockets-to-record-high-above-2-600-on-fed-rate-cut-speculation-202409202007\">new record of $2630<\/a> amid the Federal Reserve&#8217;s policy easing and rising geopolitical tensions in the Middle East. Over the past two weeks, the asset has risen by more than 5%.<\/p>\n<p>Earlier, Euro Pacific Capital President Peter Schiff noted that the first cryptocurrency has not updated its <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> since March, unlike gold.\u00a0<\/p>\n<p>Back in a previous statement, former BitMEX CEO Arthur Hayes <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-declares-bitcoin-a-more-reliable-safe-haven-than-gold\">called<\/a> bitcoin a more reliable safe-haven asset than the precious metal, due to the absence of national control.<\/p>\n<p>According to Bitfinex, the first cryptocurrency is capable of <a href=\"https:\/\/u1f987.com\/en\/news\/bitfinex-identifies-bitcoin-as-a-safe-haven-amid-recession-risks\">protecting investors&#8217; capital<\/a> during an economic downturn, although the digital asset market may suffer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2025, digital gold could potentially increase fivefold in value compared to its physical counterpart. This conclusion was drawn by technical analyst and head of Factor LLC, Peter Brandt. When I look at chart of Bitcoin\/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&#038;S pattern, neckline at 32.5 to 12. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1249,536,842],"class_list":["post-17190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-federal-reserve-system","tag-gold","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17190"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17189"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}