Exploring Bitcoin’s Path: Mirroring Gold’s Journey
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Bitcoin’s Price Path: A Reflection of Gold’s Past
In a fascinating development, Bitcoin appears to be tracing a path similar to the one gold followed not too long ago. Crypto analyst Ted Pillows, on the social media platform X, has illustrated how the leading cryptocurrency’s price structure is closely mirroring gold’s historical trajectory. From its accumulation phase through distribution and eventually a breakout rally, Bitcoin seems to be walking a well-trodden path.
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The analysis, supported by a comparative chart, indicates that Bitcoin’s recent price correction, after reaching a new all-time high earlier this year, is not only a healthy development but also aligns with the pattern gold exhibited during its recent bull run.
Understanding Distribution, Reaccumulation, and the Setup for the Next Breakout
Technical analysis of Bitcoin’s price chart reveals that the cryptocurrency is following a pattern akin to gold’s, albeit on a different timeline. While Bitcoin’s pattern is unfolding on a mid-range bi-weekly timeframe, gold’s comparable structure played out on a larger monthly chart. Despite the differing scales, the structural resemblance hints at significant potential for Bitcoin’s future.
Analyzing gold’s historical behavior, the pattern begins with an initial distribution phase lasting from 2011 to 2013, followed by a prolonged accumulation period until mid-2019. This established base transitioned into a reaccumulation phase that extended to 2023, setting the stage for gold’s explosive price rise, which reached heights above $3,300.
Pillows illustrates how Bitcoin is undergoing a similar evolution. Following its exuberant rally to $69,000 in late 2021, Bitcoin entered a distribution phase throughout 2022. This was succeeded by a textbook accumulation in 2023. Bitcoin then surpassed $45,000, entering a reaccumulation phase by late 2024, mirroring gold’s price movement prior to its breakout.
Currently, Bitcoin is priced at $105,175, as depicted in the TradingView chart. In Bitcoin’s case, the vertical rally began in late 2024 and persisted until the recent price action. The analyst anticipates continued momentum leading to new all-time highs.
Predicting Bitcoin’s Breakout by Q3 2025
Interestingly, gold also experienced a similar pullback during its rally phase shortly after reaching a new peak just above $2,750. This correction spanned two monthly candlesticks before the rally resumed. Pillows notes, “Gold also had a correction after hitting the new ATH, and the same happened with BTC.”
The implication is that Bitcoin’s current price behavior is not a sign of weakness but rather part of a consolidation phase preceding the next upward movement. Just as gold surged after concluding its final reaccumulation, Bitcoin is poised to do likewise soon.
Given this fractal similarity and the broader trend behavior, Pillows projects Bitcoin to reach a cycle peak between $125,000 and $130,000 in the third quarter of 2025. At present, Bitcoin trades at approximately $105,600.
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