The Bitcoin-Gold Race: Who Will Outsparkle the Other? 💰✨

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In the thrilling world of cryptocurrency, where fortunes change faster than a toddler’s mood, our favorite digital coin, Bitcoin, is apparently about to indulge in a little *show-off* moment. Crypto analyst Michaël van de Poppe, I assume equipped with only a crystal ball and a caffeine addiction, predicts that Bitcoin is poised to hit a brand-new all-time high in the next couple of weeks. Because if there’s one thing we need in our lives, it’s more speculative hype, right? 🙃

According to van de Poppe’s latest post on the ever-reliable X (formerly known as Twitter), comparing Bitcoin to the recent dazzling performance of gold is the way to go! Why not? It’s not like Bitcoin ever goes through a *crisis of identity* every few months. 🍾

#Bitcoin is likely to print new all-time highs.

Gold has been printing strong all-time highs and I think we’ll see the same for Bitcoin in the coming 2-3 weeks.

— Michaël van de Poppe (@CryptoMichNL) February 11, 2025

Now, let’s talk about gold—yes, the stuff you older relatives still insist is the only thing worth investing in. Gold has been on a phenomenal ride lately, overtaking its previous all-time high in late January like a racehorse at the Kentucky Derby. It’s been glittering with impressive gains and is trading above $2,900 per ounce. So, if you’re counting, that’s like seven weeks of relentless price appreciation. Talk about a gold rush! 💸

The Bitcoin & Gold Tango

Bitcoin and gold have certainly enjoyed a complicated relationship in the past—sort of like that friend who borrows money and suddenly decides to disappear. Currently, Bitcoin seems comfortably nestled in its accumulation phase, while gold is off playing in the sun, trending steadily upward. Oddly poetic, isn’t it?

Another analyst—Daink, who presumably earned his nickname from a particularly harsh bout of dyslexia—points out that while gold has been strutting its stuff, Bitcoin seems to have missed the memo. Yet Daink reassures us that historically, Bitcoin has a knack for catching up to gold after these little outings. So, we may soon see Bitcoin getting its act together. Fingers crossed, folks! 🙌

Key Notes

– Gold making new ATHs forming HHs and HLs
– $BTC range bounding between 91k – 105k

Each time Gold displaces away from BTC, BTC plays catch up as highlighted in black circles

— Daink (@TraderDaink) February 10, 2025

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2025-02-11 14:56