EddieJayonCrypto
3 Jun 25
Trader Peter Brandt believes gold's current price pattern resembles Bitcoin's breakout chart from 2024, suggesting a potential breakout for gold later this year. However, gold could face a breakdown if it fails to break its resistance line. Financial author Robert Kiyosaki predicts a major market cr...
Trader Peter Brandt suggests gold’s current price pattern mirrors Bitcoin’s 2024 breakout, indicating potential for a significant move later this year.Brandt, a veteran with over 40 years in commodity trading, shared charts showing gold following an “expanding inverted triangle” pattern, similar to Bitcoin’s price behavior between April and October 2024. He cautions that while Bitcoin successfully broke out of its resistance line last year, gold could face either a breakout or a breakdown depending on whether it breaks its own resistance around $3,400.Robert Kiyosaki, author of “Rich Dad Poor Dad,” forecasts an imminent market crash that will impact stocks, bonds, and real estate this year. He advises investors to flood into Bitcoin, gold, and silver as safe havens. Kiyosaki highlights silver as “the best bargain,” expecting its price to triple from around $35 per ounce, and foresees Bitcoin soaring to between $180,000 and $200,000 by 2025.This convergence of opinions from a seasoned trader and a financial author underscores a potential shift in market dynamics, inviting investors to reconsider traditional assets and explore digital and precious metals for growth and protection.Will gold emulate Bitcoin’s explosive breakout, or will market forces push it lower? And can silver and Bitcoin truly deliver the substantial gains predicted? These questions continue to fuel investor debates as 2025 unfolds.