Bitcoin

Bitcoin traders prepare for rally to $100K as ‘decoupling’ and ‘gold leads BTC’ trend takes shape

The price of Bitcoin (BTC) could return to the level of $ 100,000 faster than investors provided for it only if the first signs of its decoupling of the stock market and American gold continue.

Source: Cory Bates / X

The “Gold Leads, Bitcoin follows” relationship begins

Bitcoin raised the shoulders of market caliber caused by the announcement of the US president’s global price Donald Trump.

While BTC initially dropped by 3% to around $ 82,500, it finally rebounded by around 4.5% to cross $ 84,700. On the other hand, the S&P 500 plunged 10.65% this week and Gold – after reaching a record of $ 3,167 on April 3 – slipped 4.8%.

BTC / USD VS Gold and S&P 500 Daily Performance Chart. Source: tradingView

The fresh divergence fuels the “narrative of Or-Bitcoin”, is inspired by price trends from the end of 2018 to mid-2019 to predict a strong price recovery to $ 100,000.

Gold began a regular ascent, winning almost 15% by mid-2019, while Bitcoin has remained largely flat. Bitcoin’s escape followed shortly after, gathering more than 170% in early 2019, then increasing 344% at the end of 2020.

BTC / USD VS XAU / USD Price table of three days. Source: tradingView

“A recovery of $ 100,000 would imply a transfer of gold to the BTC,” said the macroscope market analyst, adding:

“As in previous cycles, this would open the door to a new period of enormous outperformance by the BTC on gold and other assets.

The Outlook aligned themselves with the founder of Alpine Fox, Mike Alfred, who shared an analysis of March 14, in which he provided that Bitcoin increases 10 times or more than gold according to the previous cases.

Source: Mike Alfred / X

Bitcoin / gold ratio warns a bull trap

Bitcoin can look at a drop at $ 65,000, based on a downward fractal taking place in the Bitcoin / Gold ratio (BTC / XAU).

The BTC / XAU ratio flashes by a familiar model that merchants saw for the last time in 2021. Ventilation followed a second major support test on an exponential mobile average 50-2W.

BTC / XAU ratio of two weeks. Source: tradingView

BTC / XAU now repeats this fractal and once again tests the RED 50-EMA as a support.

During the previous cycle, Bitcoin consolidated himself around the same EMA level before decisively brishing, finally finding support for EMA 200-2W (The Blue Wave). If history is repeated, BTC / XAU could be on the right track for a deeper correction, especially if the macro conditions aggravate.

Interestingly, these breakdown cycles coincided with a drop in Bitcoin value in terms of dollars, as indicated below.

BTC / USD 2W Chart Price. Source: tradingView

If the fractal is repeated, the initial lens of drop in bitcoin could be its EMA 50-2 W around the level of $ 65,000, with additional sales suggesting drops of less than $ 20,000, aligning with the EMA 200-2W.

An EMA 50-2W rebound from BTC / XAU, on the other hand, can invalidate the downward fractal.

The American recession would crush the bitcoin bullish perspectives

From a fundamental perspective, Bitcoin prices seem to be downward asymmetrical.

Investors fear that President Donald Trump’s world tariff war will be able to transform full -fledged trade war and trigger an American recession. Risk assets and Bitcoin tend to underperform during economic contractions.

In relation: The Discopes of Bitcoin, “the actions lose $ 3.5 t in the midst of the Trump pricing war and the Fed Warning of” higher inflation “

Another feeling of damping on April 4, the president of the federal reserve Jerome Powell postponed the expectations of short -term interest rate reductions.

Powell has warned that progress in inflation remains unequal, signaling a high -speed prolonged environment that could add more pressure to the rise in Bitcoin.

However, most bond traders see three consecutive rate drops to the September meeting in the Fed, according to CME data.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.