Expert warns: BTC is “copying” the historic rise of gold in 2024!
Expert Who Predicted Bitcoin Bottom 2022: BTC Is About to Break Out Strongly
Bitcoin is repeating gold's bullish pattern
Anonymous analyst DonAlt, who was famous for accurately predicting the Bitcoin bottom in 2022 , recently said that BTC is entering an accumulation phase before surging .
In a new strategy analysis on YouTube, he argued that Bitcoin is currently exhibiting similar price behavior to gold in 2024 , when the precious metal was “stuck” around the $2,100 resistance level before surging.
BTC May Be Preparing for a Parabolic Rally
According to DonAlt, Bitcoin is hovering around the $110,000 region , similar to how gold tested resistance multiple times before breaking out.
“We were like gold at that time — testing the same price three to four times, creating a false feeling before skyrocketing,” he stressed.
DonAlt believes that many investors will be shaken or leave the market due to impatience, before BTC officially enters a new bullish cycle.
Current BTC Price and Future Outlook
At the time of writing, Bitcoin is trading around $102,114 , while gold has jumped to $3,368 .
Given the current price pattern, DonAlt believes BTC could be approaching a breakout moment — similar to how gold broke out after weeks of consolidation.
“If you expect anything else, you are probably misunderstanding the nature of the market today,” he concluded.