In the accompanying chart, Merlijn indicated that Bitcoin’s trajectory shows a clear consolidation within the same upward channel that preceded gold’s dramatic breakout to new all-time highs above $760 in 1980. The analyst explained that the cryptocurrency has accurately traced the rhythm, structure, and squeeze of this distinct bullish setup.
Analyst Who Called The Gold Surge To ATH And The S&P Rally Has Turned To Bitcoin – Here’s What He Said