Gold hits record $ 3,900 as the US closure begins; What this means for bitcoin

Important Insights:

Gold breaks $ 3,900 and enters historical price discovery amid US uncertainty. Bitcoin reflects Gold’s card cycle and prepares it for a possible exposition. Robert Kiyosaki shifts focus and calls Silver the decade’s investment.

Gold rose to a record high of $ 3,891,7 per ounce on Tuesday. It was the first time in history that the price approaches the $ 3900 level. According to Mark data, the gold price in one session increased by 0.48%, equivalent to $ 18.50.

The rally is a bigger turnout that has developed over the past two months. Gold prices rose quickly by more than 20% in a short period of time. The rally started at the end of August with an average price of about $ 3.200. By October, Gold was over $ 3.880 on average, which was a sharp boom.

Gold displays massive outbreak pattern

The maps also show a steady upward movement characterized by consolidation with sharp breakouts. The most recent surge of more than $ 3,900 indicates the end of a consolidation phase between $ 3.600 and $ 3,800.

Market analysts describe the current gold price movement as a typical exemption phase. It is seen as part of its cycle to reach a new high of all time. The graph proves previous consolidation blocks in 2023 to mid -2024.

This is followed by corrections, which wiped out poor positions before the recent rally began. The breakdown has already entered a price discovery mode where resistance is limited and the upward movement can be accelerated.

Bitcoin can reflect Gold’s performance

Similar to the behavior of gold, the Bitcoin price is almost identical card patterns. According to market analysts, the current trend of bitcoin has been compared to the pattern of gold. This indicates that both periods of consolidation, shaking and subsequent surge.

In the recent move, Gold had a consolidation box (between 2,900 and 3.200), followed by a shake. During this time, it was willing to break out to a highlight of all time.

Analysts believe that Bitcoin is currently at a similar stage. It owns between $ 90,000 and $ 115,000 to its own shaking.

If the pattern continues, Bitcoin can follow a similar track. It could unfold over the next year as market conditions correspond. By 2026, Bitcoin could reach new highs.

Investor sentiment and Kiyosaki’s silver forecast

With Gold and Bitcoin taking the middle stage, Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, pointed to silver. Kiyosaki recently shared his preference for silver above other assets.

He said he would choose with $ 100, he would choose silver coins instead of gold or bitcoin. He estimated that silver would become more than $ 500 a year, describing it as the next major investment trend.

This is not the first opportunity for Kiyosaki to rely on silver a lot. He referred to silver and gold as the money of God in past predictions. Bitcoin, on the other hand, was described as the money of the people.

He predicted Gold would reach $ 5,000 and hit silver in 2023 $ 500. For Bitcoin, he predicted a boom to $ 500,000. His view was based on the belief that the US dollar was structurally weak.

But Kiyosaki has a mixed plate. He accurately predicted the financial crisis in 2008, Rich Dad’s Prophecy. However, several of his later predictions did not come true. In 2016 and 2017, his predictions about collapse of stock and real estate were wrong.

He has made many predictions about silver over the years. These predictions have attracted support and skepticism. Critics notice that he has promoted silver for the past two decades. Still, it did not grow explosive as he regularly predicts.

Crispus is a prominent financial analyst, bringing more than 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and Altcoins. Crispus, known for his sharp insights on the Nexus of market trends and news, provides an actionable analysis to empower investors. His work is prominent on leading platforms, including bank lesson stimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneyTransfers.com, which semifies his reputation as a reliable voice in the financial world.