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Cryptocurrency News Articles
Will Bitcoin Follow Gold's Lead to New All-Time Highs?
Apr 19, 2025 at 03:27 pm
At the start of April, gold was trading at $3,114. But early in the month, markets were shaken.
At the start of April, gold was trading at $3,114. But early in the month, markets were shaken as global investors reacted to President Trump’s aggressive tariff announcements.
Between April 3 and 7, gold fell by more than 4.77%. However, relief came when the U.S. government announced a 90-day pause on the tariffs.
Between April 9 and 16, gold rebounded sharply - rising more than 12% to a new all-time high of $3,357 yesterday.
Now, this has sparked fresh discussion about how this might affect Bitcoin.
Does Bitcoin Follow Gold’s Lead?
Crypto analyst Joe Consorti says that Bitcoin often follows the direction of gold - but usually with a delay of about 100 to 150 days. And there’s some history behind that idea.
In 2017, gold climbed 30% in the space of just six months to reach $1,357 by January 2018. That same year, Bitcoin surged to $19,120 in December.
Again in 2020, gold hit $2,075 before Bitcoin shot up to its all-time high of $69,000 in 2021.
If those trends hold, Bitcoin may be setting up for another big run.
Bitcoin Price Today and What’s Next
According to Coinpedia Markets, Bitcoin is currently trading at $84,951.59. Over the past year, BTC has gained 36.9%. In April alone, it has grown about 3%. The Relative Strength Index (RSI) sits at 52.62, signaling neutral momentum. While 2025 has been volatile for Bitcoin, with a 17.5% drop in February and 2.19% in March, April appears more stable.
Looking Ahead: Could Late 2025 Be the Big Move?
Consorti and others believe the real Bitcoin rally could start in the second half of the year, sometime in Q3 or Q4. Another analyst, known as Apsk32, predicts a breakout window between July and November.
A technical model that tracks Bitcoin’s power curve time contour suggests the coin could enter a parabolic growth phase by late 2025, with possible price targets as high as $400,000.
All Eyes on Bitcoin
With gold setting new records, attention is quickly turning to Bitcoin. If past patterns repeat, a major rally could be on the horizon. Traders are now watching closely for key signals, especially a breakout above $100,000, which many see as the first clear sign that Bitcoin is once again following gold’s lead.
As one market breaks records, another quietly gathers momentum!
Disclaimer:info@kdj.com
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