Bitcoin (BTC) Price Rally Expected to Gain Momentum as Gold Loses Its Bullish Edge

This pivotal moment strengthens the case for the Bitcoin price. This could reach $80,000 and higher by year-end.

As the U.S. presidential election塵埃落定, Bitcoin (BTC) price continued its rally, hitting a new all-time high with a nearly 10% surge on election day. This stood in stark contrast to gold, which dropped by 4.5% on the same day.

This divergence in price movements signaled a shift in investor sentiment toward risk assets, with Bitcoin emerging as a preferred choice among traders.

The BTC price surged following the election of pro-crypto Republican candidate Donald Trump as U.S. president. Veteran analyst Peter Brandt projected that the digital asset could reach $130,000–$150,000 by next August.

This breakout indicated the Bitcoin price outperformed gold once again, driven by investors reallocating funds from gold to BTC.

Bitcoin was also poised to benefit from anticipated regulatory clarity and increased institutional adoption under Trump’s presidency.

In a related development, a U.S. senator from Wyoming expressed that they would soon be creating a strategic Bitcoin reserve, a statement that sparked optimism within the crypto space.

“WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE

At the time of writing, gold had recovered some losses but remained down 2.3%, struggling near the 20-day EMA band.

Meanwhile, the BTC price continued to gain intraday. The token's price reached a new ATH at $76,999 and was last seen trading up 2% at $75,978.

Bitcoin and Gold Diverge: Crypto Gains as Gold Sees Weekly Fall

According to Santiment data, the U.S. presidential elections sparked a significant market reaction, with BTC price hitting a new all-time high.

This surge was buoyed by trader confidence and increased institutional support from companies like MicroStrategy and BlackRock.

Simultaneously, the S&P 500 hit a record high of 5,992, indicating strong sentiment in equity markets. This rally notably coincided with a 2.3% intraday decline in gold, suggesting a shifting investor preference toward riskier assets like Bitcoin and stocks over traditional safe havens.

The simultaneous rise in the Bitcoin price and the S&P 500 signaled a high level of market optimism, driven by the anticipated economic policies of the new administration and growing institutional confidence in digital assets.

This scenario exemplified the convergence of cryptocurrency and traditional financial instruments, with Bitcoin emerging as a major investment vehicle within the mainstream financial market.

By Next August/September, A Crypto Analyst Predicts Digital Gold Could Peak At $130K–$150K

Veteran trader believes BTC price is now in the “prime phase” of its halving cycle, which he describes as the “sweet spot” of the ongoing bull market.

According to his Bitcoin price prediction, it could peak between $130,000 and $150,000 by August or September next year.

Brandt's confidence in this price range stems from his unique approach to market cycles, which often diverges from conventional thinking. He highlighted the cyclical patterns following Bitcoin's halving events, which have historically led to significant price rallies.

According to Brandt, previous cycles have lasted between 517 and 518 days, which aligns with his projected timeline for Bitcoin's next peak.

If this pattern continues, the BTC price could reach Brandt's target range. Factors such as increased institutional adoption and broader mainstream acceptance could drive it.

Grounded in technical patterns and halving cycles, Brandt's analysis offers a compelling bullish outlook for Bitcoin's future, suggesting substantial upside potential even within the current market cycle.

Cowen Hints A Potential Reversal by 2025, Once BTC Dominance Hits 65%

At the time of writing, Bitcoin's dominance stood at 60.6%. Following the recent election results and Bitcoin reaching a new all-time high, analyst Benjamin Cowen shared an intriguing theory.

He noted that Bitcoin's dominance is at a critical juncture. It has hit the upper limit of a long-term wedge pattern at 65% (excluding stablecoins) or around 60% when stablecoins are included. This level is higher than Cowen's long-term comfort zone for Bitcoin dominance, suggesting it might be peaking.

Cowen believes that Bitcoin's dominance could increase slightly by the end of the year, but investors should prepare for a potential reversal in 2025.

Recent charts showed a clear rise in Bitcoin dominance, reaching this key resistance level. This could signal a shift in market dynamics. If Bitcoin dominance tops out, it might lead to a rotation of capital from Bitcoin to altcoins in the next cycle.

Cowen's analysis provided a structured approach to understanding historical patterns and technical levels, indicating a possible significant change in