Veteran trader Peter Brandt has simultaneously raised the possibility of a historic plunge in gold prices and a strong rebound in Bitcoin (BTC), signaling a potential seismic shift in global asset markets.
According to cryptocurrency-focused media outlet CoinGape on February 18 (local time), Brandt stated through classic chart analysis that gold’s price action has completed a rising wedge pattern, which signals a downward correction. He projected that gold could test the $4,430 level in the short term before ultimately falling to $4,000, issuing a dramatic warning of a potential drop of around 20% from certain price levels.
In contrast to his bearish outlook on gold, Brandt maintained an optimistic stance on Bitcoin. He analyzed that once Bitcoin’s current correction phase concludes, a full-fledged rebound could begin. Despite continued outflows from spot Bitcoin ETFs and persistent macroeconomic pressures, Brandt assessed that the completion of the technical correction would present a strong buying opportunity.
Internal indicators within the Bitcoin market remain mixed. According to a report by Matrixport, Bitcoin’s market dominance is currently stagnating at around 58%, with no visible capital inflows to drive fresh upward momentum. Experts suggest that Bitcoin may continue a sideways range-bound movement through March, but if Brandt’s rebound scenario materializes, it could regain market leadership.
In the gold market, prices have recently attempted to recover at certain levels, aiming for a rebound. However, Brandt characterized this as temporary. He emphasized that only after gold declines to $4,000 would a strong accumulation phase begin. Brandt added that he would inform members of his investment community, the Factor Report, when he initiates a buying program, reiterating his warning of short-term downside risks for gold.
As the digital asset market shows mixed signals amid Bitcoin’s entry into a new volatility regime and technical controversies surrounding XRP, the performance gap between assets is widening. Global financial markets are closely watching whether a decoupling phenomenon will emerge, in which liquidity shifts from traditional assets like gold to digital assets such as Bitcoin. If Brandt’s analysis proves accurate, with a gold crash occurring alongside a Bitcoin revival, a fundamental shift in asset allocation strategies may be inevitable.
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses arising from it. The content should be interpreted for informational purposes only.  <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
  많이 본 기사
English 많이 본 기사
|
