Bitcoin gold copycat move may top $150K as BTC stays 'impressive'

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Bitcoin whitethorn beryllium down 10% year-to-date, but that doesn't dent its presumption arsenic a increasing macro hedge, probe from Glassnode argues — is $155,000 BTC connected the cards?

Bitcoin golden copycat determination whitethorn apical $150K arsenic BTC stays 'impressive'

Bitcoin (BTC) has a caller gold-inspired $155,000 target, arsenic investigation describes some assets arsenic “remarkably impressive.”

In a post connected X connected April 16, fashionable trading and analytics relationship Cryptollica predicted BTC/USD copying golden to deed caller all-time highs next.

Analysis sees cardinal BTC terms similarities to gold

Bitcoin has made the headlines for its inability to travel successful gold’s record-breaking footsteps successful 2025.

While XAU/USD continues to spot repeated grounds highs, BTC/USD is down 9.3% year-to-date, information from Cointelegraph Markets Pro and TradingView shows.

Despite calls for an imminent “blow-off top” for gold, Bitcoin bulls anticipation that aft a hold of respective months, its “digital” equivalent volition travel suit.

For Cryptollica, this means BTC/USD breaking retired of a consolidatory wedge operation to swiftly reclaim six figures — and more.

“Bitcoin midterm target: 155K $,” it told X followers.

BTC terms show already has assorted imaginable tailwinds astatine its disposal, each of which person fueled bull runs successful the past.

As Cointelegraph reported, these see a declining US dollar scale (DXY) and all-time highs successful the planetary M2 wealth supply.

Bitcoin “remarkably impressive” during commercialized war

Continuing, onchain analytics steadfast Glassnode argued that contempt the terms show disparity, Bitcoin and golden person weathered the existent macroeconomic tempest remarkably well.

“Amidst this turmoil, the show of hard assets remains remarkably impressive,” it summarized successful the latest variation of its regular newsletter, “The Week Onchain,” published connected April 16.

“Gold continues to surge higher, having reached a caller ATH of $3,300, arsenic investors fly to the accepted harmless haven asset. Bitcoin sold disconnected to $75k initially alongside hazard assets, but has since recovered the weeks gains, trading backmost up to $85k, present level since this burst of volatility.”

Glassnode said that golden and BTC are “increasingly entering the centre signifier arsenic planetary neutral reserve assets.”

In presumption of the BTC terms drawdown, analysts stressed the information that by humanities standards, the dip versus all-time highs remains humble astatine astir 30%.

“In anterior macroeconomic events similar past week, Bitcoin has typically experienced greater than -50% sell-offs successful specified events, which highlights a grade of robustness of modern capitalist sentiment towards the plus during unfavourable conditions,” it wrote, referring to the ongoing US-China commercialized war.

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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