I would not bet on Gold fulfilling that H&S. Also, those charts stacked like that is a little misleading... The gold chart is like 9 years of data and the Bitcoin chart is 3 years of data. A fulfillment by Bitcoin translates to a drop below $1000 on Gold, but not necessarily a drop to $500 anytime during a Bitcoin bull market. It is also arguable that Gold is following a same path in the boxes below and is slightly behind Bitcoin in creating the inverse H&S.
What i mean is that gold is in a long term bearish pattern and bitcoin in a longer term bullish pattern even if the timeframe is not the same
With a gold market valued at 6+ trillion vs bitcoin 0.013 trillion it would just need 1% moving from gold to bitcoin to cause a bubble, similar like when stock money move into gold
If gold breaks down i can imagine that some gold bugs think about to diversify in bitcoin like some funds already did and called btc a new asset class.
