Gold and Bitcoin Share Bullish Technical Patterns: Peter Brandt Signals Potential Gold Breakout Inspired by Bitcoin’s 2024 Rally
Veteran trader Peter Brandt has highlighted a striking similarity between the current gold chart and Bitcoin’s pattern before its notable 2024 breakout. Specifically, gold’s daily chart—especially the GCQ25 August 2025 Comex contract—displays an expanding inverted triangle combined with a descending wedge, technical setups often associated with bullish reversals. This formation mirrors the structure observed in Bitcoin prior to its multi-month rally in 2024. Brandt suggests that if gold can overcome resistance, particularly near the $3,400 level, it could experience a significant upside move akin to Bitcoin’s rally. However, failure to confirm this breakout might result in a price correction for gold.
Financial educator Robert Kiyosaki also adds to the bullish sentiment by predicting an impending crash in traditional assets like stocks, bonds, and real estate, urging diversification into Bitcoin, gold, and silver. Kiyosaki forecasts Bitcoin could reach $180,000–$200,000 by 2025, and sees substantial upside for silver as well.
For crypto traders, the key takeaways are to monitor gold’s technical levels and Bitcoin’s ongoing market performance. The convergence of bullish technical indicators across both crypto and commodity markets, coupled with expert warnings on traditional financial risks, signals a potential shift toward diversified portfolios involving Bitcoin, gold, and silver. As such, traders should focus on risk management, watch trading volumes, and seek confirmation before making significant allocation changes, as markets remain unpredictable.
Bullish
The repeated identification of a bullish technical setup in gold that mirrors Bitcoin’s 2024 breakout signals growing alignment between crypto and commodity markets. If gold confirms a breakout above key resistance levels, it may attract capital flows from traders and investors seeking diversification or indicator convergence, which could directly uplift sentiment in both markets. In the short term, heightened awareness of these patterns can fuel speculative activity. Over the longer term, warnings from figures like Robert Kiyosaki about risks in traditional assets may further encourage shifts toward Bitcoin, gold, and other safe-haven assets. However, traders should await clear confirmation and manage risk as unpredictable market conditions persist.