Bitcoin now down about 48% from its all time high set in December 2024 as measured in ounces of gold.
2 Year Chart
5 Year Chart
Expecting another 25-30% down from here.
Discussion
I'm expecting another 52.59%.
Jeebus Malarky Jones!
$58k c'mon
Do you think BTC is going to drop that much, gold is going to go up that much, or both?
A combination. I think the bottom will be around 12 to 15 ounces of gold to be reached sometime next year.
We could see that with any of these scenarios ...
- Gold rising to 6750 and Bitcoin staying stagnant
- Bitcoin declining to 61000 and Gold staying stagnant
- Gold rising to 4500, and Bitcoin declining to 67500
- Gold rising to 4800, and Bitcoin declining to 57600
- Gold dropping under 3900, and Bitcoin declining to 57999
Interesting. This is the main chart I look at and without a doubt it looks like shit right now.
Are you mainly basing these expectations on the technical setup?
Moonboi 😎
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40 oz ATH