CoinTelegraph 2025-04-17 09:44:57

Bitcoin gold copycat move may top $150K as BTC stays 'impressive'

Bitcoin ( BTC ) has a new gold-inspired $155,000 target, as analysis describes both assets as “remarkably impressive.” In a post on X on April 16, popular trading and analytics account Cryptollica predicted BTC/USD copying gold to hit new all-time highs next. Analysis sees key BTC price similarities to gold Bitcoin has made the headlines for its inability to follow in gold’s record-breaking footsteps in 2025. While XAU/USD continues to see repeated record highs, BTC/USD is down 9.3% year-to-date, data from Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Despite calls for an imminent “blow-off top” for gold, Bitcoin bulls hope that after a delay of several months, its “digital” equivalent will follow suit. For Cryptollica, this means BTC/USD breaking out of a consolidatory wedge structure to swiftly reclaim six figures — and more. “Bitcoin midterm target: 155K $,” it told X followers. XAU/USD vs. BTC/USD. Source: Cryptollica/X BTC price performance already has various potential tailwinds at its disposal, all of which have fueled bull runs in the past. As Cointelegraph reported , these include a declining US dollar index (DXY) and all-time highs in the global M2 money supply. Bitcoin “remarkably impressive” during trade war Continuing, onchain analytics firm Glassnode argued that despite the price performance disparity, Bitcoin and gold have weathered the current macroeconomic storm remarkably well. Related: Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?' “Amidst this turmoil, the performance of hard assets remains remarkably impressive,” it summarized in the latest edition of its regular newsletter, “ The Week Onchain ,” published on April 16. “Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the weeks gains, trading back up to $85k, now flat since this burst of volatility.” XAU/USD vs. BTC/USD (screenshot). Source: Glassnode Glassnode said that gold and BTC are “increasingly entering the centre stage as global neutral reserve assets.” In terms of the BTC price drawdown, analysts stressed the fact that by historical standards, the dip versus all-time highs remains modest at around 30%. “In prior macroeconomic events like last week, Bitcoin has typically experienced greater than -50% sell-offs in such events, which highlights a degree of robustness of modern investor sentiment towards the asset during unfavourable conditions,” it wrote, referring to the ongoing US-China trade war . Bitcoin bull market drawdowns (screenshot). Source: Glassnode This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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