From Cointelegraph
April 17, 2025 05:44:00 AM:

Bitcoin (BTC) is predicted to reach a new all-time high of $155,000, following gold’s impressive performance. Despite BTC being down 9.3% year-to-date, analysts see similarities in key price movements with gold. Investors hope for a breakout from a consolidatory wedge structure to reclaim six figures. Various tailwinds, including a declining US dollar and high global money supply, could fuel BTC’s bull run.

Bitcoin and gold have weathered the current macroeconomic storm well, with both assets performing impressively. Gold has reached a new all-time high of $3,300, while Bitcoin initially sold off to $75,000 but has since recovered to $85,000. Both assets are increasingly seen as global neutral reserve assets, with Bitcoin showing resilience compared to previous market events. BTC’s drawdown compared to all-time highs remains modest around 30%.

Analysts highlight Bitcoin’s ability to withstand market volatility during unfavorable conditions, such as the ongoing US-China trade war. Despite recent price fluctuations, Bitcoin’s historical performance shows resilience compared to past events. Investors are closely monitoring BTC’s price movements as it continues to be seen as a safe haven asset alongside gold.

Read more at Cointelegraph: Bitcoin gold copycat move may top $150K as BTC stays ‘impressive’