Famous market analysts have recently hinted that Bitcoin is on track to reach a new all-time high as it reflects gold gatherings.
In particular, this commentary came from Ted Pillow. He noted that gold is climbing to repeated highs and that Bitcoin is preparing for a similar breakout.
Gold's continuous surge provides a blueprint
in particular, Experts pointed out Gold's latest gatherings provide the clearest framework for understanding Bitcoin's current market structure. Gold began to surge near $1,600 in October 2022, then steadily rose to nearly $3,700, marking the best series of all time.
The pillow emphasizes that Bitcoin often reflects a slight delay in gold rally, and the current setup is no exception. Just as gold broke through integration levels before it got higher, Bitcoin prices show signs of repeating this structure.
However, Pillow warned that a 10-15% correction is likely before Bitcoin prices move towards new highs. He argued that this corrective phase would reflect a similar pause seen during the rise of gold before purifying speculative excesses and laying the foundation for a stronger breakout.
According to Pillow, once that correction phase is complete, Bitcoin has a structural strength that pushes decisively high, and will move to $150,000 on the table by the end of Q4.
Correlation of past meetings between gold and bitcoin
In particular, the chart data checks historical connections between both assets. Gold's major bull run began in October 2008 when it traded nearly $682, and in December 2011 it embarked on a three-year climb at a record high of $1,920. This represents an 182% increase driven by macroeconomic uncertainty and increased demand for safe haven assets.
A few years later, Bitcoin reflected a similar trajectory. From September 2020, at around $10,107, Bitcoin price rose to nearly $65,000 by April 2021, reaching a 544% increase in just seven months.
Both gatherings followed comparable patterns of consolidation, breakouts and accelerated price discovery. This parallel confirms the view that the long-term cycle of Bitcoin often reflects previous movements in gold.
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Bitcoin structure enhances the digital gold story
Furthermore, in the middle of 2024 Analyst Ali Martinez attracted attention Gold price action to the long-term similarity of Bitcoin. He emphasized that both assets demonstrated an expanded integration phase, followed by a breakout rally.
Martinez stressed that since early 2023, Bitcoin has closely reflected gold's bullish momentum and integrated it before invading higher in a way consistent with gold's historical advances.
His analysis further supports the argument of Bitcoin's role as “digital gold,” suggesting current market structures continuity with the gold trajectory.
