Bitcoin hits a record high, sparking debate on whether it could mirror gold’s historic growth. Analysts project potential highs of $100K+.
Bitcoin’s has hit a new all-time high of over $75,000, breaking its previous peak of $73,777, set in March.
The correlation between Bitcoin and gold, according to Severino’s analysis, stemmed from their cyclical price actions. Both assets show recurring “top,” “bottom,” and “breakout” patterns, with Bitcoin seemingly following gold’s lead by several years.Thus, if Bitcoin indeed follows gold’s historical pattern, the recent breakout could signify the beginning of a bullish phase similar to gold’s March 2023 rally.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump’s rising election odds could signal Bitcoin’s potential hike to $100KTrump's rising election odds sparked Bitcoin's latest surge, with predictions of BTC hitting $100,000 making the rounds these days...
Read more »
Bitcoin bulls rally to $66k resistance, analyst says surge to $130k has begunThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Gold really is a barbarous relic - Deutsche Bank analyst says Bitcoin to become 21st-century goldThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin: Analyst predicts rise to $75K-$80K: Here’s whyBitcoin has seen rising investor appetite and potential market structure shift on price charts that could signal imminent breakout. But...
Read more »
Bitcoin ETFs steal gold’s thunder: Analyst explains investor shiftBitcoin approaches $70K with strong ETF inflows, led by BlackRock's IBIT. Institutional interest rises, while retail engagement declines.
Read more »
Crypto bull market in full swing as Bitcoin surpasses $73k, analyst predicts $150k top in 2025The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »