The gold spot price hit a new all-time high of $3,357 yesterday, igniting discussions about its possible ripple effect on the Bitcoin market. At the beginning of April, gold was trading at $3,114. However, volatility struck early in the month. Between April 3 and 7, as global markets reacted to President Trump’s aggressive tariff policies, gold dropped by over 4.77%.
A 90-day pause in tariff implementation brought relief. From April 9 to April 16, the gold market rebounded strongly, surging more than 12%.
Bitcoin Bull Run Tied to Gold?
Crypto analysts like Joe Consorti are now watching gold’s rally closely. Consorti believes Bitcoin follows gold’s directional trends with a delay of 100 to 150 days. His claim isn’t without precedent.
In 2017, gold surged by 30% just months before Bitcoin climbed to $19,120. Similarly, in 2020, gold hit $2,075 before Bitcoin peaked at $69,000 in 2021. These past patterns suggest BTC may again be preparing for a major rally following gold’s breakout.
Bitcoin Price Today and What’s Next
According to coinpedia markets, Bitcoin is currently trading at $84,951.59. Over the past year, BTC has gained 36.9%. In April alone, it has grown about 3%. The Relative Strength Index (RSI) sits at 52.62, signaling neutral momentum. While 2025 has been volatile for Bitcoin, with a 17.5% drop in February and 2.19% in March, April appears more stable.
Analysts Forecast a Massive Bitcoin Bull Run
Joe Consorti and others believe the real BTC rally will begin in Q3 or Q4 2025. Another analyst, Apsk32, expects a breakout between July and November. A technical model using Bitcoin’s power curve time contour chart shows the potential for BTC to enter a parabolic phase in late 2025, with predictions reaching as high as $400,000.
Final Thoughts
With the gold price today setting new records, attention is shifting to Bitcoin. If historical patterns hold, a Bitcoin bull run may be closer than many expect. Investors are now watching for confirmation signals, and a surge above $100,000 could be the first sign that BTC is following gold’s lead once again.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed