Gold vs. Bitcoin: Will a new all-time high follow the distribution?

An analyst on X draws a striking parallel between the price movements of gold and Bitcoin. According to him, the final phase of gold distribution is currently unfolding, and that pattern points to substantial price increases for Bitcoin over the next two to three years. For now, the Bitcoin price stands at $63.700, up 1.6% in the past 24 hours.

Bitcoin is available at OKX and Bybit.

Gold as a blueprint for Bitcoin

Analyst joao_wedson states that the scenario of gold versus Bitcoin is developing exactly as he previously described. The reasoning is based on cyclical theory: large asset classes such as gold have influenced other markets for centuries, and those patterns repeat themselves time and again. Whoever understands the cycle can read where Bitcoin is heading.

Charts from Alphractal show that gold futures have been trading at higher levels than Bitcoin for years, but that the two assets are increasingly correlating. The year-on-year growth of gold currently shows a rise of over 25%, a level that historically coincides with strong periods for Bitcoin. Fractals, the analyst argues, are real and ultimately all assets become intertwined.

Bitcoin now liquidates as many investors as possible

According to the analyst, Bitcoin is currently in a phase where the market is trying to liquidate as many investors as possible before the next major rally begins. That sounds painful, but in his view it fits perfectly with the expected pattern. The current correction is therefore not a sign of weakness, but rather a preparation for what is to come.

Earlier analyses also already assume a recovery towards higher levels. For instance, Michaël van de Poppe expects a move towards $68.000, while Bernstein even anticipates a recovery to $150.000. Whether the gold distribution theory will ultimately prove decisive remains to be seen, but the graphical comparison between the two assets is certainly attracting the attention of many market observers.