Peter Brandt, one of the well-known names in commodity markets, announced that he is considering selling some of his Bitcoin assets and directing this resource to gold. Brandt thinks gold is on track to gain significant strength against Bitcoin in its current outlook.
Signal of return in favor of gold on the chart
In the chart shared by Brandt, it can be seen that Bitcoin has had a significant advantage over gold for a long time. However, it seems that this strong trend has become horizontal in recent years, and then a sign of recovery in favor of gold has emerged. According to the analyst, a round bottom appearance appeared on the chart and the rate started to curl upwards within the ascending channel.
Peter Brandt revealed that gold may have a significant advantage over Bitcoin in the coming period and therefore he keeps the option of rebalancing his portfolio on the table.
This technical outlook has gained more attention after gold gained some ground against Bitcoin in 2025. Brandt maintains the view that this trend may continue. Peter Brandt is known as a trader who is known for his decades of market experience and is especially followed for his technical analysis-oriented evaluations.
Autumn sign for low
In his assessment at the beginning of the summer, Brandt warned that the possibility of lower prices should not be ignored. He also made it clear that he did not expect an actionable bottom to occur before October.
Brandt argues that his study, based on the most striking cyclical patterns of the last 15 years, points to the investable bottom zone in September or October.
The analyst’s cycle-based road map indicates that if historical patterns are maintained, a more meaningful bottom may occur in September or October of the current year. On the other hand, Brandt had also shared very optimistic targets for the long-term outlook in the previous part of the year. For investors who can maintain their positions despite fluctuations, he predicts that the next major macro peak may occur between $300,000 and $500,000 in September or October of 2029.
Warning for markets from McGlone
Bloomberg Intelligence strategist Mike McGlone states that Bitcoin may be acting as an indicator that pre-prices a broader post-inflation and deflation cycle. McGlone emphasizes that gold, along with the broader equity market, is showing notable warning signs on a historical scale.
According to McGlone’s assessment, the 60-day correlation between gold and the S&P 500 reached the highest level seen in the institution’s database since 1975. The analyst argues that the decline in the crypto market could be an early harbinger of risks in broader markets.
The warning that even a limited retreat in the stock market in the second half of the year could trigger chain risks on a historical scale also stands out in this context. For this reason, both the Bitcoin gold rate and correlation data in traditional markets are closely monitored.
