4 hours ago
Key takeaways:
Bitcoin's caller highs supra $122,000 construe to 29% year-to-date gains, overtaking gold’s 27%.
BTC terms uptrend remains resilient arsenic an ascending parallel transmission targets $125,000 next.
Bitcoin (BTC) has staged a “relentless rally” implicit the past 5 days, hitting an all-time precocious supra $122,000 connected Monday. Bitcoin is present up astir 29% year-to-date, putting it somewhat up of gold, which has gained astir 27% successful 2025.
BTC vs. gold, year-to-date performance. Source: Cointelegraph/TradingViewBitcoin and golden “are present the top-performing large assets truthful acold successful 2025,” main marketplace strategist astatine Creative Planning, Charlie Bilello, said successful a station connected X connected Sunday, adding:
“We’ve ne'er seen these 2 successful the fig 1 and fig 2 spots for immoderate calendar year.”— Charlie Bilello (@charliebilello) July 13, 2025Bitcoin hits 23-week precocious against gold
BTC terms against golden has deed a 23-week precocious past seen connected Jan. 31, extending the monthly gains against its “analog” store-of-value rival.
Bitcoin terms successful golden roseate to 36.54 ounces connected Monday, up 25% since June 22, arsenic geopolitical and economical uncertainties propulsion unproductive assets higher.
Related: Strategy bags different $472M successful BTC arsenic Bitcoin jumps to caller highs
Gold and Bitcoin are called “unproductive assets” due to the fact that they bash not make income, dividends, oregon involvement similar stocks, bonds, oregon existent estate, relying solely connected terms appreciation for returns.
BTC/XAU regular chart. Source: Cointelegraph/TradingViewThe BTC/XAU ratio peaked astatine 41 successful December 2025 and is presently astir 12% beneath this level.
“Since Thursday, $BTC made a caller ATH successful USD presumption each day,” said marketplace quality steadfast Glassnode successful a Monday station connected X, highlighting the fresh all-time highs hit earlier successful the day.
“BTC is inactive shy of ATH successful CHF and golden terms,” the steadfast wrote, adding:
“But vs. gold, it’s present astatine the highest level since aboriginal Feb - aft outperforming consistently since June 22.”
Bitcoin’s show against large assets. Source: GlassnodeBitcoin capitalist and probe expert Tuur Demeester told his followers to “expect fireworks” erstwhile BTC decisively breaks supra the terms of 1 kilogram of gold, which is astir $108,000 astatine the clip of writing.
Bitcoin adjacent an all-time precocious successful gold. Expect fireworks erstwhile we decisively interruption supra 1 kg/BTC. pic.twitter.com/TzabYVU8FN
— Tuur Demeester (@TuurDemeester) July 14, 2025“Bitcoin’s relentless rally shows nary signs of fatigue, surging past $122K arsenic momentum accelerates,” said crypto trading steadfast QCP Capital connected BTC’s caller all-time highs.
In a Monday Telegram enactment to investors, the steadfast added that BTC terms outperformance stems from robust organization appetite, evidenced by past week’s much than $2 cardinal successful net inflows into spot Bitcoin ETFs, a wide awesome of increasing participation.
“The marketplace appears to person underestimated the spot of this parabolic move, driven by a decisive method breakout and a crisp pickup successful organization demand.”Bitcoin’s ascending transmission targets $125,000
Bitcoin terms was trading astatine $121,600 connected Monday, up 3% implicit the past 24 hours, per information from Cointelegraph Markets Pro and TradingView. BTC’s terms enactment had led to the enactment of an ascending parallel transmission connected the hourly chart.
“$BTC channelling nicely, respecting the median arsenic resistance, and present pushing for the precocious bound of the ascending parallel channel,” fashionable Bitcoin expert AlphaBTC said successful his latest investigation connected X.
The illustration beneath shows that if BTC successfully overcomes the absorption from the mediate boundary, the adjacent logical determination would beryllium the precocious bound of the transmission astatine $125,000.
The expert added that the US CPI speechmaking connected Tuesday mightiness propel BTC terms toward this target.
“Bitcoin 125K next.”
BTC/USD hourly chart. Source: AlphaBTCThe BTC/USDT 24-hour liquidation heatmap shows the large liquidity clusters gathering conscionable supra $123,000 up to $125,000, per data from CoinGlass.
BTC/USDT 24-hour liquidation heatmap. Source: CoinGlassHeavy bid orders are besides astir $120,000, suggesting that the terms could driblet to cod this liquidity earlier resuming the uptrend.
As Cointelegraph reported, Bitcoin’s breakout connected aggregate clip frames could unlock $130,000-$150,000 next.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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