In mid-October, gold surpassed the symbolic threshold of $4,000 per ounce<\/strong> for the first time in history, before peaking at $4,342<\/strong>. This spectacular surge<\/strong> in the yellow metal occurred precisely when Bitcoin<\/a> was undergoing a severe correction, briefly plunging to $101,000<\/strong>. This contrast didn’t escape Sykodelic, a crypto analyst known for his studies on asset correlation<\/strong>.<\/p>\n\n\n\n In his technical analysis, Sykodelic highlights an inverse correlation of approximately 18 months<\/strong> betweenhttps:\/\/investx.fr\/en\/learn\/crypto\/bitcoin\/halving-date\/ gold and Bitcoin. The pattern is clear: When gold enters an expansion phase, BTC corrects. Conversely, when gold stabilizes or retreats, Bitcoin<\/a> initiates its rally. This cyclical dynamic<\/strong> has repeated with striking regularity in recent years.<\/p>\n\n\n\n The analyst’s chart superimposes the movements of both assets and reveals a perfectly readable alternating pattern. The current phase places gold in what resembles a classic top structure: A parabolic rise followed by an exhaustion phase. The current correction of the precious metal<\/strong> below its ATH confirms this technical hypothesis. Gold has fallen by 9.5% in one week<\/strong>, dropping to $3,930<\/strong>.<\/p>\n\n\n\n For Sykodelic, this top structure in gold<\/strong> signals the beginning of a new cycle for Bitcoin<\/strong>. BTC is now positioned at the lower level of a new bullish green channel<\/strong> identified on his chart. This technical configuration suggests that accumulation is underway before a potential major breakout<\/strong>.<\/p>\n\n\n\n