Bitcoin's recent trend faces several key milestones. In the short term, breaking through $100,000 has become a focal point for the market. If it can stabilize above $95,000, there is potential to test the $102,000 to $103,000 range, which will serve as an important opportunity to validate upward momentum.
From a historical cycle perspective, some market analysts point out that the current Bitcoin trajectory resembles the bull market of 2020 to 2021, providing investors with a reference framework. More notably, a unique signal has emerged: the 52-week correlation between Bitcoin and gold has returned to zero, the first time this has happened since mid-2022.
Historical data shows that whenever the correlation between Bitcoin and gold reaches this level, Bitcoin typically experiences an average increase of about 56% over the following two months. This technical divergence offers strong support for the current price outlook.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin's recent trend faces several key milestones. In the short term, breaking through $100,000 has become a focal point for the market. If it can stabilize above $95,000, there is potential to test the $102,000 to $103,000 range, which will serve as an important opportunity to validate upward momentum.
From a historical cycle perspective, some market analysts point out that the current Bitcoin trajectory resembles the bull market of 2020 to 2021, providing investors with a reference framework. More notably, a unique signal has emerged: the 52-week correlation between Bitcoin and gold has returned to zero, the first time this has happened since mid-2022.
Historical data shows that whenever the correlation between Bitcoin and gold reaches this level, Bitcoin typically experiences an average increase of about 56% over the following two months. This technical divergence offers strong support for the current price outlook.