”Bitcoin will rise if gold rally stops... 2-year alternating bullish pattern”

With the international price of gold hitting a record high on the 1st (local time), an analysis has emerged that if the gold rally stops, Bitcoin may rise even faster, according to News1.
According to a report citing foreign media, Charlie Morris, chief investment officer of virtual currency research firm ByteTree, said, "Gold and Bitcoin have been trading for the past two years.
"Both were bullish markets," he said. "When Bitcoin fell by about 30% from January to April, gold rose by 28%. After that, gold was stagnant until August, but Bitcoin rose by 28% compared to its lowest point.
The CIO continued, "Recently, gold has shown upward momentum for seven consecutive weeks, but Bitcoin has yet to break through $120,000 (approximately 17.6 million yen)."
"If gold's rally reaches its limit, Bitcoin will rise again," he said.