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Bitcoin Price Could Reach $175,000 If It Mirrors Gold’s Rise
Crypto analyst Colin suggests the possibility of Bitcoin emulating gold's parabolic price movements.
Key Points:
- Colin predicts Bitcoin may see an uptrend soon, drawing parallels with recent all-time highs in gold and stocks.
- He anticipates money flowing into crypto with a delay, forecasting Bitcoin reaching $175,000 if the bull market continues into January 2026.
- Despite current downtrends, where Bitcoin dropped below $100,000, Colin remains optimistic about potential new all-time highs before the cycle ends.
- Supporting his prediction, metrics indicate potential upward price action for Bitcoin.
- The intersection of the 1150-day SMA with previous peaks suggests Bitcoin could still rally, with a potential top in late December or January next year.
Currently, Bitcoin trades around $102,400, showing a slight increase in the last 24 hours according to CoinMarketCap data.
