{"id":103175,"date":"2025-10-08T18:30:43","date_gmt":"2025-10-08T18:30:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=103175"},"modified":"2025-10-08T18:30:43","modified_gmt":"2025-10-08T18:30:43","slug":"can-the-bitcoin-price-explode-to-200000-the-gold-chart-that-tells-it-all","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=103175","title":{"rendered":"Can The Bitcoin Price Explode To $200,000? The Gold Chart That Tells It All"},"content":{"rendered":"

Bitcoin has shown renewed strength on the weekly timeframe by resuming a steady uptrend that began earlier in the year. After several weeks of ranging between $110,000 and $120,000, Bitcoin is now on intense momentum supported by institutional demand,<\/a> which has led to a new all-time high in the past 24 hours.\u00a0<\/p>\n

Interestingly, technical analysis of Bitcoin\u2019s weekly price chart shows the cryptocurrency is gearing up for an explosion to $200,000.<\/a> This projection is based on Bitcoin\u2019s ongoing price behavior being an exact replica of Gold\u2019s rally<\/a> during the 1970s.<\/p>\n

Bitcoin Aligning With the 1970s Gold Rally<\/h2>\n

An interesting technical analysis shared by Mikybull Crypto on<\/a> the social media platform X details how Bitcoin\u2019s price action on the 1-week and 2-week candlestick charts is following a path walked by Gold in prior decades. His latest post on X draws parallels between Bitcoin\u2019s ongoing price behavior and Gold\u2019s rally during the 1970s, an era that saw the precious metal surge massively. Now, it seems that Bitcoin is now mirroring that same macro setup and could be gearing toward a price explosion to $200,000 or higher.<\/a><\/p>\n

In one of the charts shared by Mikybull, Gold\u2019s price action from the mid-1970s to 1980 is overlaid with Bitcoin\u2019s multi-year trajectory. This Gold price chart shows a consolidation phase followed by a powerful breakout in the late 1970s. According to Mikybull, Bitcoin\u2019s structure follows this trend almost perfectly.<\/p>\n

In his analysis, he noted that Bitcoin\u2019s price is forming higher lows above a macro ascending trendline, the same kind of structure that preceded Gold\u2019s explosive run. Gold\u2019s third breakout wave (Wave 5) ushered in this run, and Mikybull projected that Bitcoin is now entering a similar phase, as shown by the blue ellipse in the chart below.<\/p>\n

Mikybull\u2019s comparison also integrated the legendary Livermore Speculative Chart, which is an early 20th-century framework, to track Bitcoin\u2019s behavior. Bitcoin\u2019s price action on the weekly timeframe follows a structure labeled from one through ten, each level corresponding to phases in the Livermore Speculative Chart.<\/p>\n

Why Bitcoin Can Explode To $200,000 May Only Be the Beginning For Bitcoin<\/h2>\n

As shown in the chart above, Bitcoin is currently trading around the 1.272 Fibonacci extension level below $125,000 and is playing out the eighth stage of Livermore\u2019s speculative cycle. Current market trends point to Bitcoin advancing past the eighth stage<\/a> at the 1.618 Fib level ($145,355) to then advance to the ninth stage of the cycle, which is just above the 2.618 Fibonacci extension level at $204,000.<\/p>\n

After that lies the tenth stage, around the 3.618 extension at $262,000, projected to be the final peak of this cycle based on Livermore\u2019s speculative cycle. At the time of writing, Bitcoin is trading at $121,450, having retraced slightly after<\/a> its most recent all-time high of $126,080 on October 6.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin has shown renewed strength on the weekly timeframe by resuming a steady uptrend that began earlier in the year. After several weeks of ranging between $110,000 and $120,000, Bitcoin is now on intense momentum supported by institutional demand, which has led to a new all-time high in the past 24 hours.\u00a0 Interestingly, technical analysis […]<\/p>\n","protected":false},"author":0,"featured_media":103176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-103175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103175"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103175"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/103176"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}