Bitcoin, Gold will follow the upward trend…“Expected to reach 155 thousand dollars”

As Gold Prices Show A Continued Strong Trend, An Analysis Has Emerged Suggesting That Bitcoin (BTC) Will Also Follow A Similar Trend. Cointelegraph Cited The Technical Analysis Of Cryptocurrency Analyst Cryptolika, Stating, “BTC/USD Has Broken Out Of The Hourly Horizontal Wedge Pattern, Which Suggests A Strong Rally May Follow.”

Cryptolika Predicted That If Bitcoin Follows A Similar Chart Flow To Gold (XAU/USD), It Could Rise To 155,000 Dollars In The Future. Recently, Gold Has Been Hitting New Highs, Being Highlighted As A Representative Safe Asset Amid Geopolitical Instability And Inflation Concerns.

On-Chain Data Analysis Firm Glassnode Also Evaluated That “Both Bitcoin And Gold Are Strengthening Their Status As Global Reserve Assets.” It Explained That Both Assets Are Attracting More And More Investors’ Attention As Defense Against Distrust Of The Traditional Financial System And Declining Currency Value.

Currently, There Is A Surge In Demand For Hedge Against Uncertainty In The Global Market, Creating A Favorable Environment For Bitcoin's Rise.