{"id":127370,"date":"2025-04-17T10:17:13","date_gmt":"2025-04-17T10:17:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127370"},"modified":"2025-04-17T10:17:13","modified_gmt":"2025-04-17T10:17:13","slug":"bitcoin-gold-copycat-move-may-top-150k-as-btc-stays-impressive","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127370","title":{"rendered":"Bitcoin gold copycat move may top $150K as BTC stays &#039;impressive&#039;"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) has a new gold-inspired $155,000 target, as analysis describes both assets as \u201cremarkably impressive.\u201d<br \/>\nIn 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.<br \/>\nAnalysis sees key BTC price similarities to gold<br \/>\nBitcoin has made the headlines for its inability to follow in gold\u2019s record-breaking footsteps in 2025.<br \/>\nWhile 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.<br \/>\nBTC\/USD 1-day chart. Source: Cointelegraph\/TradingViewDespite calls for an imminent \u201cblow-off top\u201d for gold, Bitcoin bulls hope that after a delay of several months, its \u201cdigital\u201d equivalent will follow suit.<br \/>\nFor Cryptollica, this means BTC\/USD breaking out of a consolidatory wedge structure to swiftly reclaim six figures \u2014 and more.<br \/>\n\u201cBitcoin midterm target: 155K $,\u201d it told X followers.<br \/>\nXAU\/USD vs. BTC\/USD. Source: Cryptollica\/XBTC price performance already has various potential tailwinds at its disposal, all of which have fueled bull runs in the past.<br \/>\nAs Cointelegraph reported, these include a declining US dollar index (DXY) and all-time highs in the global M2 money supply.<br \/>\nBitcoin \u201cremarkably impressive\u201d during trade war<br \/>\nContinuing, onchain analytics firm Glassnode argued that despite the price performance disparity, Bitcoin and gold have weathered the current macroeconomic storm remarkably well.<br \/>\nRelated: Can 3-month Bitcoin RSI highs counter bearish BTC price &#8216;seasonality?&#8217;<br \/>\n\u201cAmidst this turmoil, the performance of hard assets remains remarkably impressive,\u201d it summarized in the latest edition of its regular newsletter, \u201cThe Week Onchain,\u201d published on April 16.\u00a0<br \/>\n\u201cGold 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.\u201d<br \/>\nXAU\/USD vs. BTC\/USD (screenshot). Source: GlassnodeGlassnode said that gold and BTC are \u201cincreasingly entering the centre stage as global neutral reserve assets.\u201d<br \/>\nIn 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%.<br \/>\n\u201cIn 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,\u201d it wrote, referring to the ongoing US-China trade war.<br \/>\nBitcoin bull market drawdowns (screenshot). Source: GlassnodeThis 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.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-gold-copycat-move-top-150k-as-btc-stays-impressive?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) has a new gold-inspired $155,000 target, as analysis describes both assets as \u201cremarkably impressive.\u201d In a post on X on April 16, popular trading and analytics&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127370"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127370"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127370\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127370"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}