This chart compares the price action of Gold (candles), Bitcoin (purple line), and the S&P 500 Index (red line) over a multi-year period. Several key phases and correlations are highlighted:
🟢 Key Observations:
1. Gold Bull Run (2019–2020):
Gold experienced a strong upward trend starting in mid-2019.
This bull run led to a peak in August 2020, right before the final phase of the Bitcoin bull market.
2. Bitcoin Bull Run (Highlighted in Blue):
After Gold peaked, Bitcoin entered its final bull run phase, accelerating dramatically.
The vertical yellow line (August 3, 2020) seems to mark the transition point where capital started rotating from Gold into Bitcoin.
3. Gold Correction + SPX Correction (Post 2020):
As Bitcoin surged, Gold corrected downward, reflecting a rotation of capital or risk preference.
At the same time, the S&P 500 also experienced a temporary correction, possibly reflecting macroeconomic uncertainty or shifting investor sentiment.
🟡 Current Market Structure (2024–2025):
4. Gold Potential Peak Again?
A similar structure appears to be forming now: Gold is peaking again, just as Bitcoin and equities are at critical levels.
The chart raises the question: "Is Gold topping again, just like it did in 2020?"
5. Possible Repeat Cycle:
If history repeats, we could be seeing the early stages of a new Bitcoin bull phase, following Gold’s strength and peaking pattern.
SPX appears to be climbing steadily, indicating a risk-on environment—similar to what happened during the last crypto surge.
🔁 Macro Interpretation:
Gold → Bitcoin Rotation: Historically, a peak in gold has preceded a sharp upside move in Bitcoin.
Risk Shift Timing: Both gold corrections and SPX slowdowns tend to coincide with the start of aggressive crypto bull phases.
This could suggest that a new Bitcoin leg up is near, especially if gold starts to decline again from current highs.
📌 Conclusion:
Your chart reflects a macro rotational pattern:
Gold strength → Peak → Bitcoin acceleration → Gold/SPX correction.
If this cycle plays out again, the current peak in gold could signal a new phase of momentum for Bitcoin, just as it did post-2020.
🟢 Key Observations:
1. Gold Bull Run (2019–2020):
Gold experienced a strong upward trend starting in mid-2019.
This bull run led to a peak in August 2020, right before the final phase of the Bitcoin bull market.
2. Bitcoin Bull Run (Highlighted in Blue):
After Gold peaked, Bitcoin entered its final bull run phase, accelerating dramatically.
The vertical yellow line (August 3, 2020) seems to mark the transition point where capital started rotating from Gold into Bitcoin.
3. Gold Correction + SPX Correction (Post 2020):
As Bitcoin surged, Gold corrected downward, reflecting a rotation of capital or risk preference.
At the same time, the S&P 500 also experienced a temporary correction, possibly reflecting macroeconomic uncertainty or shifting investor sentiment.
🟡 Current Market Structure (2024–2025):
4. Gold Potential Peak Again?
A similar structure appears to be forming now: Gold is peaking again, just as Bitcoin and equities are at critical levels.
The chart raises the question: "Is Gold topping again, just like it did in 2020?"
5. Possible Repeat Cycle:
If history repeats, we could be seeing the early stages of a new Bitcoin bull phase, following Gold’s strength and peaking pattern.
SPX appears to be climbing steadily, indicating a risk-on environment—similar to what happened during the last crypto surge.
🔁 Macro Interpretation:
Gold → Bitcoin Rotation: Historically, a peak in gold has preceded a sharp upside move in Bitcoin.
Risk Shift Timing: Both gold corrections and SPX slowdowns tend to coincide with the start of aggressive crypto bull phases.
This could suggest that a new Bitcoin leg up is near, especially if gold starts to decline again from current highs.
📌 Conclusion:
Your chart reflects a macro rotational pattern:
Gold strength → Peak → Bitcoin acceleration → Gold/SPX correction.
If this cycle plays out again, the current peak in gold could signal a new phase of momentum for Bitcoin, just as it did post-2020.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.