Analyst: Historical data shows that Bitcoin often follows suit within 150 days after gold prices hit a new high

PANews
PANews|Apr 18, 2025 00:22
According to Cointelegraph, on April 17th, the price of gold soared to a historic high of $3357 per ounce, sparking speculation about whether Bitcoin will follow suit. In 2017, after gold rose 30% a few months ago, Bitcoin soared to $19120. Similarly, during the COVID-19 in 2020, gold reached a new high of nearly $2075, and then bitcoin soared to $69000 in 2021. From a historical perspective, whenever gold rises, Bitcoin breaks through its previous historical highs, reflecting the dynamic relationship between these two assets during periods of economic uncertainty and when investors seek alternatives to the US dollar. Further highlighting the correlation between these two assets, Theya Growth Manager Joe Consorti pointed out that Bitcoin will lag behind gold's directional trend by 100-150 days. Consorti stated, "When the printing press starts, gold will first smell the scent, and then Bitcoin will rise even more fiercely." Considering Consorti's view, Bitcoin is expected to reach a new historical high between the third and fourth quarters of 2025. Anonymous Bitcoin supporter APSK32 expects a similar outcome or bull market between July and November.
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