π¨ CAPITAL ROTATING FROM SILVER TO COULD LAUNCH
#BITCOIN TO $400,000 π
A new Bitcoin price forecast is drawing comparisons between BTC and one of the world's oldest monetary metals.
Matt Crosby, director of research and analytics at LookIntoBitcoin, believes Bitcoin may be entering a major recovery phase.
His thesis draws on silver's recent performance and Bitcoin's on-chain indicators.
The numbers:
π₯ Silver reportedly rallied 593% over 3.4 years
π Crosby's modeled Bitcoin target: $400,000
π Estimated BTC rally timeline: 2.3 years
π Reported correlation between the modeled paths: 90%
Meanwhile, a separate BTC/silver chart shared by Ash Crypto highlights a different pattern. You can view these charts in the second slide π
The Bitcoin-to-silver ratio experienced drawdowns of approximately 75%β85% during three historical cycles.
The latest chart shows the ratio recovering after a roughly 80% decline.
The BTC/silver ratio measures how much silver one Bitcoin can purchase. Wh...