Copper is the "New Silver"? The Chart Pattern You Can't Ignore!
Is the "Doctor" of the global economy about to pull a $SILVER-style moon mission?
Renowned analyst Bluntz has spotted a massive technical alignment that should have every
$BTC and commodity trader on high alert. Here is the breakdown:
The "Silver Playbook" vs. Copper
Remember the $SILVER breakout before its 2021 surge? Bluntz points out that Copper is currently mirroring that exact same trajectory.
The 3-Year Channel: Copper has spent over 1,000 days grinding within an ascending channel.
Weakening Resistance: Repeated tests at the upper boundary suggest the "ceiling" is getting thin.
The "Doubling" Potential: If history repeats the silver playbook, a clean break above the channel could see Copper prices double rapidly.
The Fundamental Spark: A New Supercycle
Technical charts are one thing, but the fundamentals are even louder. Industrialist Frank Giustra is forecasting a massive Copper Supercycle. Why?
Electrification: The world is shifting to EVs and renewable grids—all of which require miles of copper.
AI Infrastructure: Massive data centers are "copper hogs," demanding unprecedented amounts of wiring.
Supply Cliff: We are currently just 25% above the 2011 peak ($5.83), yet demand for infrastructure is at an all-time high.
My Take
In the world of macro assets, "boring" 3-year channels often lead to the most explosive moves. As
$BTC continues to lead the digital asset space, "Hard Money" assets like $COPPER and $SILVER are looking for their moment in the sun.
What’s your move? Are you hedging with physical commodities or sticking strictly to crypto? Let's discuss below!
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