Bitcoin Following Gold’s Trajectory – Expert Predicts Staggering $160K-$180K Peak This Cycle

Bitcoin’s price action is tracing gold’s historic arc—and analysts are betting big on where it lands.

Gold 2.0? The digital asset’s uncanny resemblance to the precious metal’s bull cycles has traders buzzing. One chart-wielding strategist now pins Bitcoin’s next cycle top between $160,000 and $180,000—numbers that’d make even Wall Street’s most jaded goldbugs raise an eyebrow.

The math works until it doesn’t. While the comparison holds water technically (both assets thrive on scarcity narratives and inflation hedges), Bitcoin’s volatility remains the elephant in the vault. When the Fed inevitably pivots, will institutional investors treat BTC like digital gold—or just another risk asset to dump? Only time will tell if this prediction ages like fine wine or sour milk.

Bonus jab: At least Bitcoin won’t end up collecting dust in a bank’s basement like half of Fort Knox’s alleged gold reserves.

Bitcoin Volatility Spikes As Macro Pressure Builds

Bitcoin is holding firm above $103,000 despite failing to break the $112,000 all-time high last week. The rejection led to a sharp 6% correction, with bears attempting to force the price below key demand zones. Yet, despite intense macro pressure and escalating geopolitical risk, Bitcoin remains structurally intact. The conflict between Israel and Iran has sent shockwaves through global markets, pushing safe-haven assets like oil and Gold higher while equities waver. Bitcoin, often seen as digital gold, has surprisingly shown strength amid the chaos.

The upcoming week could be pivotal for BTC. If tensions worsen and traditional markets slide further, Bitcoin’s behavior will test its evolving role as a macro hedge. Investors are watching closely to see whether capital continues to rotate into BTC during risk-off conditions.

Ted Pillows remains optimistic. His technical analysis suggests that nothing has structurally changed for Bitcoin. According to his view, BTC is tracking closely with gold’s historical breakout patterns, implying that the digital asset is merely consolidating before another leg up. Pillow’s long-term outlook sees Bitcoin targeting $160,000–$180,000 by the cycle top.

BTC Consolidates Below Resistance

Bitcoin is currently trading at $105,527 after a failed attempt to break through the $112,000 level earlier this month. The chart shows a clear rejection from that all-time high area, pushing price back into the $103,600–$109,300 range. This zone remains the primary battleground between bulls and bears.

The 50-day moving average, currently around $103,426, is acting as dynamic support, while the 200-day MA NEAR $95,650 remains a broader trendline for longer-term holders. Volume has slightly decreased during the recent drop, which could indicate that the sell-off lacks strong conviction from market participants.

If BTC holds the $103,600 level—a previous resistance now flipped support—it may set the stage for another push toward $109,300. A breakout above that level WOULD likely open the door for price discovery above $112,000. However, if Bitcoin fails to hold the $103,600 area, it risks falling back into the $97,000–$100,000 region where previous demand was tested in May.

Featured image from Dall-E, chart from TradingView