Close Menu
    Trending
    • Bitcoin Tops $111K, on Brink of Breaking Record High; Ether’s 6% Jump Leads Major Cryptos
    • Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?
    • Bitcoin Hits New All Time High Of $113,900 As Adoption Accelerates
    • Ethereum’s $62.1B Futures Volume Tops Bitcoin’s $61.7B
    • What implications does Ant Group’s USDC integration have?
    • Trader Predicts Mid-Cap Altcoin Could Explode 200%+ by August, Maps Path Forward for Dogecoin and Solana
    • Bitcoin Price Rockets to Record High — Bulls Celebrate Milestone
    • Robinhood launches ETH, SOL staking services for US users with $1 minimum
    Simon Crypto
    • Home
    • Crypto Market Trends
    • Bitcoin News
    • Crypto Mining
    • Cryptocurrency
    • Blockchain
    • More
      • Altcoins
      • Ethereum
    Simon Crypto
    Home»Blockchain»Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000
    Blockchain

    Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000

    Team_SimonCryptoBy Team_SimonCryptoApril 18, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Motive to belief

    Strict editorial coverage that focuses on accuracy, relevance, and impartiality

    Created by trade specialists and meticulously reviewed

    The best requirements in reporting and publishing

    Strict editorial coverage that focuses on accuracy, relevance, and impartiality

    Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


    Este artículo también está disponible en español.

    As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce on the time of writing – Bitcoin (BTC) has seen extra subdued value motion, consolidating within the mid-$80,000 vary. Nonetheless, analysts recommend that the highest digital asset could quickly mirror gold’s latest momentum.

    Bitcoin Set To Observe Gold’s Momentum?

    In a latest post on X, crypto buying and selling account Cryptollica hinted that BTC could also be poised to duplicate gold’s historic value motion seen over the previous few months. The account shared the next chart, highlighting the placing similarities between the value actions of gold and BTC.

    cryptollica
    Supply: Cryptollica on X

    The chart reveals each gold and BTC forming a macro-bottom round early 2023, adopted by a rejection on the vary high in early 2024. Gold ultimately broke out within the following months, whereas BTC lagged barely, breaking out round November 2024.

    Associated Studying

    In keeping with Cryptollica, BTC now seems to be breaking out of a consolidatory wedge sample, with a possible mid-term goal as excessive as $155,000. Presently, Bitcoin’s ATH stands at $108,786, recorded earlier this yr in January.

    BTC can also be more likely to profit from a number of favorable macroeconomic developments. For instance, the worldwide M2 cash provide is anticipated to increase in 2025, a growth that usually helps risk-on property like Bitcoin.

    BTC Maturing As A Protected Haven Asset

    Past technical chart patterns, BTC has demonstrated outstanding resilience amid escalating international tariff-induced uncertainty. In keeping with the newest The Week On-Chain report, each gold and BTC have carried out nicely through the ongoing tariff conflict. The report notes:

    Amidst this turmoil, the efficiency of arduous property stays remarkably spectacular. Gold continues to surge greater, having reached a brand new ATH of $3,300, as traders flee to the standard protected haven asset. Bitcoin offered off to $75k initially alongside danger property, however has since recovered the week’s positive factors, buying and selling again as much as $85k, now flat since this burst of volatility.

    The report additionally mentions that BTC not too long ago skilled its largest value correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this yr. Nonetheless, this correction stays comparatively modest in comparison with these seen in earlier market cycles.

    Associated Studying

    The next chart illustrates BTC bull market correction drawdowns since 2011. As proven, the latest -33% correction is the shallowest amongst previous cycles, with the deepest being -72% through the 2012–14 bull market.

    glassnode
    Supply: Glassnode

    Whereas BTC continues to indicate indicators of maturing as a dependable asset throughout occasions of geopolitical uncertainty, institutional traders appear to be taking income. That is evidenced by latest outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is buying and selling at $84,694, up 0.7% up to now 24 hours.

    bitcoin
    BTC trades at $84,694 on the day by day chart | Supply: BTCUSDT on TradingView.com

    Featured picture from Unsplash, charts from X, Glassnode, and Tradingview.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?

    July 11, 2025

    Bitcoin Price Rockets to Record High — Bulls Celebrate Milestone

    July 11, 2025

    Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why

    July 10, 2025

    Analyst Mocks Calls For XRP Price At $1,000, Says Take Profits At This Level

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Top Posts

    AB Charity Foundation Launches Global Operations with Blockchain-Backed Public Good Framework

    April 11, 2025

    ad

    About us

    Welcome to SimonCrypto.in, your ultimate destination for everything crypto! Whether you’re a seasoned investor, a blockchain enthusiast, or just beginning your journey into the fascinating world of cryptocurrencies, we’re here to guide you every step of the way.

    At SimonCrypto.in, we are passionate about demystifying the complex world of digital currencies and blockchain technology. Our mission is to provide insightful, accurate, and up-to-date information to empower our readers to make informed decisions in the ever-evolving crypto space.

    Top Insights

    On Settlement Finality | Ethereum Foundation Blog

    February 9, 2025

    One Factor Is Raising the Likelihood of Crypto Prices Going Higher, According to Analytics Platform Santiment

    January 13, 2025

    Ethereum Continues To Outperform BTC In Q2 – Is A Bullish Run Brewing?

    June 12, 2025
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 SimonCrypto All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.