Bitcoin (BTC) has established a new target at $155,000, echoing gold’s trends as analysis characterizes both commodities as “extraordinarily remarkable.”
In a update on X dated April 16, renowned trading and analysis account Cryptollica forecasted BTC/USD mimicking gold’s trajectory to reach fresh all-time highs next.
Analysis highlights significant BTC price parallels with gold
Bitcoin has generated attention for its failure to replicate gold’s record-setting path in 2025.
While XAU/USD continues to achieve successive record peaks, BTC/USD has dropped 9.3% on a year-to-date basis, according to data from Cointelegraph Markets Pro and TradingView.
Despite predictions for an imminent “blow-off top” in gold, Bitcoin enthusiasts are optimistic that, after several months of delay, its “digital” counterpart will follow suit.
For Cryptollica, this implies BTC/USD breaking away from a consolidating wedge formation and swiftly regaining six figures — and beyond.
“Bitcoin midterm target: 155K $,” it communicated to followers on X.
BTC’s price movements already benefit from various potential tailwinds, all of which have previously propelled bull markets.
As Cointelegraph highlighted, these encompass a declining US dollar index (DXY) and record highs in the global M2 money supply.
Bitcoin “extraordinarily remarkable” amid trade conflict
Moving forward, on-chain analytics firm Glassnode contended that despite the disparity in price performance, both Bitcoin and gold have navigated the ongoing macroeconomic challenges exceptionally well.
Related: Can 3-month Bitcoin RSI highs counter bearish BTC price ‘seasonality?’
“Throughout this upheaval, the performance of hard assets remains extraordinarily impressive,” it summarized in the latest issue of its regular newsletter, “The Week Onchain,” released on April 16.
“Gold continues to rise, having achieved a new ATH of $3,300, as investors seek refuge in the traditional safe haven asset. Bitcoin initially dropped to $75k alongside risk assets, but has since recovered those gains over the week, trading back up to $85k, remaining stable since this wave of volatility.”
Glassnode stated that both gold and BTC are “increasingly taking center stage as global neutral reserve assets.”
Regarding the BTC price retracement, analysts emphasized that in historical context, the decline compared to all-time highs is relatively modest at around 30%.
“In past macroeconomic situations similar to last week, Bitcoin has historically faced greater than -50% sell-offs, which illustrates a certain resilience in contemporary investor sentiment towards the asset under adverse circumstances,” it observed, referring to the ongoing US-China trade conflict.
This article does not constitute investment guidance or suggestions. Every trading and investment decision carries risk, and readers must perform their own research prior to making a choice.
