Veteran trader Peter Brandt has published an analysis suggesting that Bitcoin could experience a major price spike relative to gold. Brandt identifies an inverted head and shoulders pattern in the Bitcoin/gold ratio, with a predicted rise from the current 23.85 to 123.75. This would represent a 518% increase in the price of Bitcoin per gold. Brandt's analysis suggests that Bitcoin may outperform gold on a significant scale, indicating a possible shift in favor of BTC as a store of value.



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