One month later:
$GOLD stuck at 3360
$BTC sky rocket to new ATH.
Based on the Phrase period, we still have 2 more months of easy mode.
Tradefi is rotating money between $GOLD and $BTC.
Phase 1:
- Gold consolidated right below ATH in 2023.
- Bitcoin broke the 30k resistance after the rumor of spot ETF slowly became official news. Then had a great rally to break 2021 ATH and only topped at 75k.
- Gold started moving right above 2020 ATH right when BTC peaked. Then rallied multiple weeks to 2.7k.
- BTC entered one of the most choppy periods. There was a time I thought we really topped there. Lucky we are not.
Phase 2:
- Right when Gold faced selling pressure around 2.7k, BTC woke up and slowly climbed up, then broke out of the 75k high right after TRUMP won the presidency.
- When everyone thought BTC was starting the real supercycle with the most bullish US president ever, BTC entered another choppy mode after reaching 110k.
People started calling the cycle top.
- Meanwhile Gold slowly ran up, pumping almost 40% in 4 months.
Phase 3:
- Gold looks toppy after reaching 3.5k, and high chance it is going to enter another 3-6 months choppy period.
- BTC, on the other hand, was waking up. Especially showing relative strength against US equity recently.
And just like that, we started trading at 90k+ in no time.
BTC 150k by July?
And after that, another rotation phrase or we enter the DOOM DAY PERIOD?
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