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Bitcoin, Gold, and ETH Prepare for Massive Pump as Price Chart Mirror Historical Patterns, Will BTC See Another 660% Surge?

CryptonewslandCryptonewsland2024/09/16 12:27
By:Cryptonewsland
  • Gold mirrors epic 2020 price pump patterns which led to a 660% BTC price pump.
  • Bitcoin could make a similar move in the coming months and 2025.
  • Ethereum’s (ETH) price chart also shows strong bullish signs.

The price of Bitcoin (BTC) sunk back to below the $60,000 price range and is now at $58,640. Despite this drop, sentiments for the bullish Q4 for the crypto market remain strong. This sentiment is based on historical chart patterns where Bitcoin always outperformed previous months in Q4 of a Bitcoin Halving year. Supporting this sentiment are the current chart price actions of Bitcoin (BTC), Ether (ETH), and Gold.

Gold is breaking away from $BTC and taking the lead!

When this happened in 2020, gold rallied 40%📈

And not long after, Bitcoin rose 660% 🚀👀
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Chart: Ansel Lindner pic.twitter.com/3pOCIpE96u

— CryptosRus (@CryptosR_Us) September 14, 2024

Based on the post above, one crypto enthusiast marks an exciting observation for BTC and gold. In the chart, we see the price action of Bitcoin and Gold. In 2020 when Gold broke away and took the lead, Bitcoin followed its surge and overtook it leading to the 2021 BTC bull run ATH. Presently, the chart is now mirroring a similar pattern. 

As the post depicts, the price of Gold is now leading following a significant surge to its price. If the same pattern of 2020 plays out, the price of Bitcoin (BTC) could surpass the ongoing surge of Gold. This supports many crypto analysts’ expectations for BTC to set a new ATH in the coming months and possibly the next year. To highlight, Gold rallied by 40% , after which bitcoin rose by 660%.

$ETH (Ethereum) looks to have replicated a pattern from 2023 that led into an over +165% climb and it's looking to be "GO TIME 🏁" again!

2023 looks to have been the blueprint for another massive upside that can be soon transpiring in this crypto market.

Target is at $4,723.5… pic.twitter.com/a1ePw6wpF3

— JAVON⚡️MARKS (@JavonTM1) September 15, 2024

Another prime asset also signaling bullish patterns is the Ethereum network’s native token Ether (ETH). To highlight, the analyst in the post above notices how ETH seems to be replicating a pattern from 2023. This rally led to a pump of over 165% and the analyst expects similar action once again.

The analyst concludes with an expectation of a $4,723.5 price target for ETH in the coming bull run phase of the ongoing bull cycle. He says once this target is reached, another pump towards $8,100 and above is highly likely for ETH. If these expectations play out, BTC and ETH could outperform Gold’s price surge in the coming months.

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Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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