The post Gold Copying Bitcoin’s Breakout Trajectory: Legendary Trader Peter Brandt appeared on BitcoinEthereumNews.com.
Bitcoin is showing direction to move for gold Kiyosaki: investors will rush into Bitcoin and gold en masse In a recent tweet, renowned trader Peter Brandt, who has over 40 years of experience in the commodity trading business, shared Bitcoin and gold charts. The message he communicated to the crypto community is that he believes gold is currently copying Bitcoin’s last year’s breakout chart. You Might Also Like Bitcoin is showing direction to move for gold The legendary trader believes that gold is using a classical pattern called “an expanding inverted triangle” to compare the current gold price trajectory to that demonstrated by Bitcoin in 2024. Brandt made a disclaimer, saying that he could certainly be wrong about this. However, this chart suggests that similar to Bitcoin’s price behavior in 2024 between April and October, gold is following suit now and it may face a potential breakout later this year. The gold’s chart is moving within a descending triangle where a horizontal lower trendline is around $3,400 and the upper trendline is sloping downward. There is a difference between these charts, though. Here is the way I am reading Gold right now, and I certainly could be wrong. That would be OK, because I don’t take the market personally and it doesn’t take me the sameGold has expanding inverted triangle, similar to last year’s Bitcoin chart $GC_F $BTC pic.twitter.com/zE6PitQFlW — Peter Brandt (@PeterLBrandt) June 2, 2025 While Bitcoin eventually managed to stage an impressive breakout, gold may also face a breakdown unless it succeeds in breaking through the resistance line it has reached. Last year, Bitcoin managed to do this. Now, Brandt is watching if gold will be able to repeat that successful move of the world’s bellwether crypto. You Might Also Like Kiyosaki: investors will rush into Bitcoin and…