When the price of gold hits new highs, history shows ‘bitcoin follows’ within 150 days – analyst
Gold price moved on to a new all-time high of $ 3,357 per ounce on April 17, ignoring speculation if bitcoin (BTC) Will follow.
In 2017, Bitcoin rallied for $ 19,120 after gold witnessed 30% walk a few months before. Similarly, gold reached a new high of $ 2,075 in 2020 during the Covid-19 Pandemic, which preceded Bitcoin’s upcoming $ 69,000 in 2021.
Bitcoin has historically exceeded previous high-time highs at gold rallies, reflecting a dynamic relationship between two properties during economic uncertainty and when investors are looking for an alternative US dollar.
Further to highlighting the interrelated between the property, Joe Consorti, head of growing up in Yousa, Taught BTC follows the direction of gold bias with a lag of 100-150 days at a time. Consorti said,
“When the printer is moaning in life, the gold first comes first, then Bitcoin will follow.”
Considering Consorti’s perspective, Bitcoin is expected to achieve Looking forward a similar outcome or bullish period between July and November.
Looking at the data from previous Bitcoin price cycles and the “power curve time contour,” analyst predicted that Bitcoin would enter a parabolic phase in the last half of 2025, with a price target as high as $ 400,000. Using the Power Law model, the analyst that normalized the Bitcoin market cap in gold and planned BTC on a logarithmic scale, measuring each bitcoin in the ounces of gold instead of dollars.
Related: The Bitcoin Gold Copycat Move can be top $ 150k while BTC will remain ‘amazing -HANG’
Bitcoin trading such as “mag 8” amidst tariff uncertainty
In a recent -only interview with CNBC, Galaxy Digital CEO Mike Novogratz said that Bitcoin and gold are a “main indicator of financial financial” amid macroeconomic uncertainty. Its highlighting as a “Minsky Moment” for the US economy, Novogratz said Bitcoin is successful in the market, driven by a weak US dollar and capital flowing into safe shelters such as gold, which recently ranked.
Novogratz added that despite a 10% year-to-date collapse in the same, markets are minimizing the size of the global economic transfer, with Trump’s tariffs and policies that increase uncertainty. He warned that increasing interest rates and a weakening dollar signal The US acts like an emerging market, with Bitcoin and gold reflecting growing concerns over unstable shortages and the $ 35 trillion national debt.
Related: The Bitcoin Online Chatter Flips Bullish as Price Chops at $ 85K: Santiment
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
