As shown in the chart comparison below, gold’s historical pattern begins with an initial distribution zone that spanned from 2011 to 2013, followed by a long accumulation period up until mid-2019. Once that base was built, gold transitioned into a re-accumulation phase that lasted until 2023. This accumulation phase was the stage for gold’s price explosion, which culminated in recent highs above $3,300.
Pillows illustrates how Bitcoin is now going through a similar progression. After its euphoric rally to $69,000 in late 2021, Bitcoin entered a distribution phase that lasted throughout 2022. What followed was a textbook accumulation structure in 2023. Bitcoin then broke above $45,000 and entered a reaccumulation phase in late 2024, almost a mirror image of gold’s price development just before its breakout.
Based on this fractal similarity and the broader trend behavior, Pillows projects that Bitcoin will reach a cycle peak somewhere between $125,000 and $130,000 in the third quarter of 2025. At the time of writing, Bitcoin is trading at approximately $105,600,
Featured image from Unsplash, chart from TradingView
