Bitcoin could rise 400% compared to gold... Renowned analyst points out positive pattern

A new signal has emerged that suggests Bitcoin could overtake gold. Well-known analyst Peter Brant has
Brandt, in a post on Twitter on the same day, analyzed that Bitcoin could grow by more than 400% compared to gold in the coming months.
The BTC/GLD ratio chart can act as an indicator of the performance of Bitcoin versus gold and the rate of adoption of Bitcoin compared to gold. For example, a rise in the ratio could be
This means that Bitcoin is overtaking gold in terms of market capitalization, and vice versa. He predicts that the Bitcoin to gold ratio could rise by more than 400% by 2025.
He cited a classic technical pattern, the Inverse Head and Shoulder LUDA, as the justification for his positive outlook.
An inverse Head and Shoulders (IH&S) pattern appears when the price forms three bottoms in a row. The middle bottom (head) is the bottom on either side.
The pattern forms deeper than the left and right shoulders. This pattern forms below a common support line called the neck line. According to the rules of technical analysis, the inverse head and shoulder pattern
A turn is completed when the price breaks through the neck line upwards and the volume increases. In this case, the price rises based on the maximum distance between the neck line and the deepest bottom (head).
Applying this rule of technical analysis to the BTC/GLD ratio chart gives a target price of around 123. This means that the price of 1 Bitcoin will reach 123 ounces of gold by 2025,
This represents an increase of over 400% from the 24 ounce price on September 22, 2024. To date, Bitcoin's market capitalization has increased by 350,000% since its launch compared to traditional safe haven gold.
It was an astonishing increase.