Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000
Gold is trading at an all-time high of $3,333 per ounce, while Bitcoin (BTC) is consolidating in the mid-$80,000 range. Analysts suggest BTC may soon replicate gold's recent price momentum. A chart shared by Cryptollica indicates similarities in price actions between gold and BTC, with both assets forming a macro-bottom in early 2023 and experiencing a rejection at the range top in early 2024. BTC is breaking out of a consolidatory wedge pattern, with a potential mid-term target of $155,000, while its all-time high is $108,786 from January. Favorable macroeconomic trends, such as an expected increase in global M2 money supply in 2025, may support BTC. Despite a recent -33% price correction, BTC has shown resilience amid global tariff-induced uncertainty and is maturing as a safe haven asset. Institutional investors are taking profits, reflected in outflows from Bitcoin ETFs. Currently, BTC is trading at $84,694, up 0.7% in the past 24 hours.
