CandleFocus Bitcoin Hits New All-Time High Against Gold, Brandt Says Higher
2024-12-16
Author: Content Editor
Bitcoin has reached a new all-time high against gold, breaking the previous record of 37 ounces of gold per 1 BTC and setting a new record of 39 ounces of gold. This comes as Bitcoin has also surged to new highs against the dollar, reaching over $106,000. Market veteran Peter Brandt believes Bitcoin will continue its upward trajectory and could trade for as much as 89 ounces of gold. Brandt also predicts that Bitcoin's price breakout against the dollar will continue, with a target just above $120,000. At the time of writing, Bitcoin is trading around $105,000.
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