According to BlockBeats, on September 22, Peter Brandt, a veteran chart analyst and founder of Factor Trading who accurately predicted Bitcoin's crash in 2018, stated that the Bitcoin to gold ratio could increase by over 400% by 2025.
Brandt supports his highly bullish forecast with classic technical chart analysis. He refers to a pattern known as the Inverse Head and Shoulders (IH&S). This pattern forms when prices create three consecutive troughs, with the middle trough (the head) being deeper than the other two (the shoulders). This formation occurs below a common support line called the neckline. When prices break above the neckline with increasing volume, the IH&S pattern is considered complete. At this point, the price rise is expected to be equivalent to the maximum distance between the neckline and the deepest point of the head.
For the Bitcoin to gold exchange rate, Brandt predicts that the price of 1 BTC could reach 123 ounces of gold by 2025. This represents an increase of over 400% compared to the rate of 24 ounces on September 22, 2024.
Alex
