{"id":127407,"date":"2025-04-17T19:20:35","date_gmt":"2025-04-17T19:20:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127407"},"modified":"2025-04-17T19:20:35","modified_gmt":"2025-04-17T19:20:35","slug":"when-gold-price-hits-new-highs-history-shows-bitcoin-follows-within-150-days-analyst","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127407","title":{"rendered":"When gold price hits new highs, history shows \u2018Bitcoin follows\u2019 within 150 days \u2014 Analyst"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe price of gold surged to a new all-time high of $3,357 per ounce on April 17, igniting speculation on whether Bitcoin (BTC) would follow. Bitcoin-gold comparison. Source: Cointelegraph\/TradingView<br \/>\nIn 2017, Bitcoin rallied to $19,120 after gold witnessed a 30% hike a few months earlier. Similarly, gold reached a new high near $2,075 in 2020 during the COVID-19 pandemic, which preceded Bitcoin\u2019s surge to $69,000 in 2021.<br \/>\nBitcoin has historically surpassed its previous all-time highs whenever gold rallies, reflecting a dynamic relationship between the two assets during periods of economic uncertainty and when investors look for a US dollar alternative.<br \/>\nFurther highlighting the interconnections between the assets, Joe Consorti, head of growth at Theya, pointed out that BTC follows gold\u2019s directional bias with a lag of 100-150 days at a time. Consorti said,<br \/>\n\u201cWhen the printer roars to life, gold sniffs it out first, then Bitcoin follows harder.\u201d<br \/>\nBitcoin vs gold price movement correlation. Source: X.comConsidering Consorti\u2019s view, Bitcoin is expected to potentially attain new all-time highs between Q3 and Q4 of 2025. Anonymous Bitcoin proponent apsk32 expected a similar outcome or bullish period between July and November.<br \/>\nLooking at data from past Bitcoin price cycles and BTC\u2019s \u201cpower curve time contours,\u201d the analyst predicted that Bitcoin will enter a parabolic phase in the latter half of 2025, with a price target as high as $400,000. Using the power law model, the analyst normalized Bitcoin&#8217;s market cap to gold&#8217;s and plotted BTC on a logarithmic scale, measuring each Bitcoin in ounces of gold instead of dollars.<br \/>\nBitcoin price and power curve chart. Source: X.comRelated: Bitcoin gold copycat move may top $150K as BTC stays &#8216;impressive&#8217;<br \/>\nBitcoin trading like \u201cMag 8\u201d amid tariff uncertainty<br \/>\nIn a recent interview with CNBC, Galaxy Digital CEO Mike Novogratz said that Bitcoin and gold are \u201ckey indicators of financial stewardship\u201d amid global macroeconomic uncertainty. Highlighting it as a \u201cMinsky Moment\u201d for the US economy, Novogratz said that Bitcoin thrives in market turbulence, driven by a weakening US dollar and capital flowing into safe havens like gold, which has recently rallied.<br \/>\nNovogratz added that despite a 10% year-to-date drop in equities, markets underestimate the scale of global economic shifts, with tariffs and Trump\u2019s policies adding uncertainty. He cautioned that rising interest rates and a weakening dollar signal the US is behaving like an emerging market, with Bitcoin and gold reflecting growing concerns over unsustainable deficits and the $35 trillion national debt.<br \/>\nRelated: Bitcoin online chatter flips bullish as price chops at $85K: Santiment<br \/>\nThis 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\/when-gold-price-hits-new-highs-history-shows-bitcoin-follows-within-150-days-analyst?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 NewsThe price of gold surged to a new all-time high of $3,357 per ounce on April 17, igniting speculation on whether Bitcoin (BTC) would follow. Bitcoin-gold comparison. Source:&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\/127407"}],"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=127407"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127407\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127407"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}