Analysts Project $155,000 Target Following Golds All-Time Highs

Tech

Analysts Project $155,000 Target Following Golds All-Time Highs

• Bitcoin is being compared to gold, with analysts predicting BTC could reach $155,000 by following golds recent momentum
• Gold has hit new all-time highs of around $3,300-$3,357 per ounce while Bitcoin trades at $84,625
• Historically, Bitcoin has followed golds price movements with a lag of 100-150 days
• Despite being down about 10% year-to-date, Bitcoin has shown resilience during macroeconomic turbulence
• Both Bitcoin and gold are increasingly viewed as “global neutral reserve assets” during economic uncertainty

Bitcoin currently trades around $84,625, approximately 10% down from the start of the year. Despite this underwhelming performance compared to gold‘s record-breaking run, cryptocurrency analysts remain optimistic that Bitcoin will soon follow the precious metal’s upward trajectory.

Gold recently reached new all-time highs, trading at approximately $3,357 per ounce on April 17. This surge has sparked discussions about whether Bitcoin, often referred to as “digital gold,” will follow a similar path.

Trading account Cryptollica believes the answer is yes. In a post on X (formerly Twitter) dated April 16, they predicted that Bitcoin would break out of its current consolidation pattern and reach $155,000 in the mid-term.

Historical Patterns Suggest Delayed Correlation

History shows a pattern of Bitcoin following gold‘s price movements with a lag. Joe Consorti, head of growth at Theya, pointed out that BTC typically follows gold’s directional bias with a delay of 100-150 days.

“When the printer roars to life, gold sniffs it out first, then Bitcoin follows harder,” Consorti noted.

This correlation was evident in 2017 when Bitcoin rallied to $19,120 after gold experienced a 30% increase months earlier. A similar pattern emerged during the COVID-19 pandemic when gold reached approximately $2,075 in 2020, preceding Bitcoins surge to $69,000 in 2021.

Based on these historical patterns, some analysts project that Bitcoin could potentially reach new all-time highs between Q3 and Q4 of 2025.

Bitcoins Resilience During Economic Uncertainty

Despite not matching golds recent performance, Bitcoin has demonstrated remarkable resilience during the current macroeconomic storm. According to Glassnode, an on-chain analytics firm, both assets have weathered economic turbulence impressively well.

In their newsletter “The Week Onchain,” Glassnode noted that gold continues to surge as investors flee to traditional safe-haven assets. Bitcoin initially sold off to $75,000 alongside risk assets but has since recovered, trading back up to around $85,000.

Glassnode emphasized that both gold and Bitcoin are “increasingly entering the center stage as global neutral reserve assets.”

Current Drawdown Remains Modest

From a historical perspective, Bitcoins current price drawdown remains relatively modest at around 30% from its all-time high of $108,786 recorded in January 2025.

Glassnode stressed that during previous macroeconomic events, Bitcoin typically experienced greater than 50% sell-offs. The more modest current drawdown “highlights a degree of robustness of modern investor sentiment toward the asset during unfavorable conditions,” according to their analysis.

This relatively shallow correction of 33% is the smallest among past market cycles, with the deepest being 72% during the 2012-2014 bull market.

Macroeconomic Factors at Play

Bitcoin price performance has various potential tailwinds at its disposal, many of which have fueled bull runs in the past. These include a declining US Dollar Index (DXY) and all-time highs in the global M2 money supply.

Bitcoin Price on CoinGecko

In a recent interview with CNBC, Galaxy Digital CEO Mike Novogratz described the current economic situation as a “Minsky Moment” for the US economy. He stated that Bitcoin thrives in market turbulence, driven by a weakening US dollar and capital flowing into safe havens like gold.

Novogratz cautioned that rising interest rates and a weakening dollar signal that the US is behaving like an emerging market. He suggested that Bitcoin and gold reflect growing concerns over unsustainable deficits and the $35 trillion national debt.

Bitcoin appears to be forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while Bitcoin lagged slightly, breaking out around November 2024.

According to anonymous Bitcoin proponent apsk32, Bitcoin will likely enter a parabolic phase in the latter half of 2025, with price targets potentially reaching as high as $400,000.

The ongoing US-China trade war has also been a factor influencing both assets. While gold has continued to rise to new heights as a traditional safe haven, Bitcoin has demonstrated greater stability than in previous periods of geopolitical tension.

As global economic uncertainty persists, both assets appear positioned to benefit from investors seeking alternatives to traditional currencies and markets.