Crypto Analyst Unveils ‘Perfect Trade’ for Bitcoin, Sees BTC Mirroring Gold Price Action in 2020
A closely followed the crypto strategist believes another parabolic rally was stored for Bitcoin (BTC) this cycle.
Pseudonymous analyst Jack Says His 268,600 followers at X who did not expect the Federal Reserve to cut interest rates at Wednesday's meeting, despite the falling oil below $ 60 – a level he said reflecting “bad financial conditions.”
The oil traded at $ 59.77 at the time of writing, up to 22% from 2025 price opening of $ 77.46. Crashing oil prices usually indicates the destruction of demand and a weak global economy.
According to the analyst, the dark macroeconomic backdrop sets The “perfect trade” for BTC.
“How does Bitcoin perform here?
Best prediction is that it follows the equally but quickly and quickly recover. Get gold as an example in March 2020: a short, shallow crash, and then the start of its steep parabolic stages. It is the perfect trade and can be the basis for a rally that explodes in mind. “
In March 2020, the gold lost almost 15% of its value before ignoring a 43% progress in just five months.
Pag -Zoom in to Bitcoin, Jack Says BTC needs to remain above $ 93,000 to avoid witnessing another correction transfer.
“Btc Bulls low time does not want to see the price on X again. If not, I look forward to a flush.”
At the time of writing, Bitcoin traded $ 96,791, up to 2% on the previous day.
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