Analyst: When gold prices hit new highs, history shows that "Bitcoin tends to follow within 150 days."
ChainCatcher news, the price of gold has soared to a historic high of $3,357 per ounce, sparking speculation about whether Bitcoin will follow suit. In 2017, after gold rose 30% a few months earlier, Bitcoin surged to $19,120. Similarly, during the COVID-19 pandemic in 2020, gold reached a near-record high of about $2,075, followed by Bitcoin soaring to $69,000 in 2021. Historically, whenever gold rises, Bitcoin tends to break its previous all-time highs, reflecting a dynamic relationship between the two assets during times of economic uncertainty and when investors seek alternatives to the dollar.Further highlighting the connection between these two assets, Theya's growth lead Joe Consorti pointed out that Bitcoin tends to lag behind gold's directional movements by 100 to 150 days. Consorti stated, "When the printing press starts, gold senses it first, and then Bitcoin follows with even greater momentum." Considering Consorti's perspective, Bitcoin is expected to reach new all-time highs between the third and fourth quarters of 2025. An anonymous Bitcoin supporter, apsk32, anticipates similar results or a bull market between July and November.