The 6.39% drop in Bitcoin (BTC) price from its all-time high of $111,980 has caused many investors and analysts to speculate on what’s next. Charles Edwards, the founder of Capriole Fund, posted his take on the similarities between the current Bitcoin price and Gold’s 2010 and 2011 price action. Based on the comparison between the assets, Edwards is expecting a bullish outlook for BTC in June 2025, but outlines concerns that may hinder its uptrend. Gold vs. Bitcoin Price: Continuation of Bull Trend or Crash? Charles Edwards highlighted the similarities between Bitcoin’s current price and Gold’s 2009 and 2011 price action. Despite BTC’s 8% crash, the founder expects a bullish outlook in June 2025 if a few conditions are met. After breaching the 2008 ATH, Gold retested the support and kick-started an explosive move to the upside. During this ascent, Gold’s December 2009 blow-off top sustained the uptrend, allowing it… Read More at Coingape.com
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