Gold’s price climbed to new all-time highs in mid-October, breaking above $4,000/oz for the first time in history, before eventually reaching a peak of $4,342/oz. The yellow metal’s rally came at a time when BTC was enduring a flash crash that pulled its price down to $101,000 very briefly.

This contrast between gold’s strong rise and BTC’s pause has caught the attention of crypto commentator Sykodelic, who believes the pattern is about to flip . In his latest analysis, he suggests that gold may have already peaked while Bitcoin is preparing for its next major rally.

Gold’s Blow-Off Top And The Cycle Inversion

Sykodelic pointed to the nearly 18-month inverse correlation between gold and Bitcoin as the foundation of his argument. The analyst’s chart, which overlays both

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