Bitcoin eased back this week after a fresh peak, but a loud bullish pitch is making rounds. According to market updates, the coin hit about $124,390 before slipping to $114,158 and then nudging up to $115,285 at press time.<\/p>\n
Based on reports from a chart-focused analyst who goes by AO, Bitcoin<\/a> may be tracing a pattern like gold\u2019s, and that pattern could point to a rise toward $600,000 \u2014 a jump of roughly 420% from current levels.<\/p>\n AO\u2019s view rests on chart shapes. He compares Bitcoin\u2019s recent wedge and ascending triangle to the way gold<\/a> moved over the last decade. According to AO, Bitcoin\u2019s consolidation around $115,000 could be the base for a large breakout.<\/p>\n #BITCOIN<\/a> IS READY FOR A HUGE BULL RUN. pic.twitter.com\/eorprzknEQ<\/a><\/p>\n \u2014 AO (@AO_btc_analyst) August 18, 2025<\/a><\/p>\n\n AO\u2019s scenario includes what he calls \u201cmissing legs,\u201d and he puts a possible run above half a million dollars by 2026 if the pattern completes the way he expects.<\/p>\n Reports have mentioned similar geometric comparisons from other watchers, though few attach a precise price target like $600,000.<\/p>\n Based on those numbers, a $600,000 price tag would imply market value in the ballpark of approximately $12 trillion.<\/p>\n That figure would push Bitcoin past many big tech names and place it closer to gold\u2019s valuation than where it stands now.<\/p>\n According to the same reports, that is the idea being used to argue Bitcoin\u2019s case as a major store of value. The math behind the headline number is simple, and the size of the move \u2014 about 420% from roughly $115,000 \u2014 is what makes the claim dramatic.<\/p>\n Bull Case Backed By Some Big Names<\/p>\n Institutional voices add fuel to the talk. Strategy\u2019s Michael Saylor<\/a>, who has been one of Bitcoin\u2019s most consistent backers, continues to argue that the asset will outshine traditional stores of value as more companies adopt it for their balance sheets.<\/p>\nAnalyst Sees Gold Pattern<\/h2>\n
Market Scale If Target Hits<\/h2>\n