Crypto analyst Colin has sparked discussions by suggesting that Bitcoin could mirror gold's parabolic move, potentially igniting a new uptrend as early as next week. He argues that with gold and stocks hitting new all-time highs recently, it's unlikely Bitcoin will miss out on a significant upward surge.
What Will Happen If The Bitcoin Price Mirrors Gold
In a detailed X post, Colin highlighted that money is expected to flow into crypto, albeit with a delay, as shown in his comparative chart of gold versus Bitcoin. He projects that if Bitcoin follows gold's trajectory, it could rally to $175,000 by January 2026, with the gold top shifted forward by 80 days forecasting Bitcoin's peak. Colin acknowledges this prediction might not pan out but points to multiple metrics supporting further upward price action for BTC.
Source: Chart from Colin on X
Despite current bearish sentiment in the crypto market and Bitcoin's drop below $100,000 this week, Colin remains optimistic. He aligns with forecasts from institutions like Standard Chartered, which predict Bitcoin could reach between $150,000 and $200,000 by year-end, reinforcing the idea that the bull market isn't over.
Why The BTC Top May Not Be In
In another X post, Colin explains that the 1150-day Simple Moving Average (SMA) has historically intersected with bull run peaks in 2017 and 2021, marking cycle tops. Currently, this SMA hasn't aligned with the previous $65,000 top, suggesting Bitcoin has more room to grow. Projecting this moving average indicates a potential top around late December this year or January next year, with all metrics collectively pointing to this timeframe.
At the time of writing, Bitcoin is trading around $102,400, showing gains in the last 24 hours, according to CoinMarketCap data.
BTC trading at $101,877 on the 1D chart | Source: Tradingview.com
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