Basing the projection on Bitcoin’s “power curve,” the analyst noted that BTC’s position relative to gold has significantly improved since April. From a technical standpoint, this view is supported by the recent convergence of the Sharpe ratios for Bitcoin and gold, suggesting that the two hard assets now offer comparable risk-to-reward profiles to their investors. Fidelity’s Director of Global Macro Jurrien Timmer shed light on this development, recommending a 4:1 goal-to-Bitcoin ratio from an allocation perspective. Related: Bitcoin 'blow-off top' set at $128K with new all-time highs in sightStrong Bitcoin volumes “final straw” before new highs Crypto researcher Aylo analyzed BTC’s historical price action when the crypto asset consolidates near its all-time high level.
In line with its current trajectory, 21st Capital co-founder Sina noted that Bitcoin is approaching a pivotal moment around the $108,000 level. The Bitcoin Quantile Model update shows that BTC’s market reflects the same “heat” that was present after President Trump’s post-election rally and the spot ETF-driven highs during Q4 2024.
Throughout Q4, 2024, Bitcoin rallied by 45% after entering a price discovery period above $74,500. Bitcoin Quantile Model.Source: X.comAs illustrated in the chart, once it breaks into the "Acceleration" Phase, it could trigger BTC’s next leg or the mid-phase, typically between the 33% and 66% range.
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Author / Journalist: Cointelegraph by Biraajmaan Tamuly
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