Legendary Trader Peter Brandt Predicts Gold Following Bitcoin's Breakout Trajectory

Gold Mimicking Bitcoin's Past Breakout, Veteran Trader Suggests

Renowned trader Peter Brandt, with over 40 years of experience in commodity trading, has drawn an intriguing comparison between current gold price movements and Bitcoin's breakout pattern in 2024. Brandt suggests gold may be following a similar trajectory that could lead to a significant breakout later this year.

According to Brandt's analysis, gold is forming a classical "expanding inverted triangle" pattern that closely resembles Bitcoin's price behavior between April and October 2024. While acknowledging the possibility of being incorrect, Brandt highlights the striking similarities between the two assets' technical formations.

The gold chart currently displays a descending triangle pattern with a horizontal lower trendline near $3,400 and a downward-sloping upper trendline. Market watchers are observing whether gold can break through this resistance line, mirroring Bitcoin's successful breakout last year.

Kiyosaki Predicts Imminent Market Crash, Advocates Investing in Bitcoin, Gold, and Silver

Financial educator and bestselling author Robert Kiyosaki, famous for "Rich Dad Poor Dad," has issued a stark warning about an approaching market collapse. Kiyosaki forecasts that stock, bond, and real estate markets could crash as early as this summer.

In a recent social media post, Kiyosaki cautioned that this potential crash might financially devastate millions of baby boomers. However, he identifies potential opportunities in alternative assets, specifically recommending Bitcoin, gold, and silver as investments that could generate significant wealth in the coming years.

Kiyosaki shows particular optimism about silver, predicting at least a threefold increase from its current $35-per-ounce price. His previous forecasts include Bitcoin potentially reaching $180,000 to $200,000 by 2025.