Analyst James Easton, a Real Vision affiliate, argues that Bitcoin's weekly chart is mirroring gold's multi-year accumulation and breakout pattern — a structure that carried gold from a 2011 peak near $1,900 through a prolonged base, a 2020 resistance retest, further consolidation in 2022, and ultimately a decisive rally to $3,300 by early 2025 and a record above $5,400 in January 2026. If Bitcoin follows an analogous trajectory, Easton suggests a $300,000 price target becomes plausible. However, the thesis carries a critical macro dependency: an oil price shock stemming from Iran-related geopolitical tensions could accelerate inflation, forcing the Federal Reserve to maintain or raise interest rates, which would tighten liquidity conditions and potentially derail the pattern before it completes.
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