1 days ago
As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce at the time of writing – Bitcoin (BTC) has seen more subdued price action, consolidating in the mid-$80,000 range. However, analysts suggest that the top digital asset may soon mirror gold’s recent momentum. Bitcoin Set To Follow Gold’s Momentum? In a recent post on X, crypto trading account Cryptollica hinted that BTC may be poised to replicate gold’s historic price movement seen over the past few months. The account shared the following chart, highlighting the striking similarities between the price actions of gold and BTC. The chart shows both gold and BTC forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while BTC lagged slightly, breaking out around November 2024. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics According to Cryptollica, BTC now appears to be breaking out of a consolidatory wedge pattern, with a potential mid-term target as high as $155,000. Currently, Bitcoin’s ATH stands at $108,786, recorded earlier this year in January. BTC is also likely to benefit from several favorable macroeconomic trends. For example, the global M2 money supply is expected to increase in 2025, a development that typically supports risk-on assets like Bitcoin. BTC Maturing As A Safe Haven Asset Beyond technical chart patterns, BTC has demonstrated remarkable resilience amid escalating global tariff-induced uncertainty. According to the latest The Week On-Chain report, both gold and BTC have performed well during the ongoing tariff war. The report notes: Amidst this turmoil, the performance of hard assets remains remarkably impressive. Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the week’s gains, trading back up to $85k, now flat since this burst of volatility. The report also mentions that BTC recently experienced its largest price correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this year. However, this correction remains relatively modest compared to those seen in previous market cycles. Related Reading: Bitcoin Weekly RSI Breakout Signals Trend Shift – Is $100,000 Next For BTC? The following chart illustrates BTC bull market correction drawdowns since 2011. As shown, the recent -33% correction is the shallowest among past cycles, with the deepest being -72% during the 2012–14 bull market. While BTC continues to show signs of maturing as a reliable asset during times of geopolitical uncertainty, institutional investors appear to be taking profits. This is evidenced by recent outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is trading at $84,694, up 0.7% in the past 24 hours. Featured image from Unsplash, charts from X, Glassnode, and Tradingview.com
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Lyn Alden Suggests Bitcoin May Thrive in Conditions Similar to Pre-2008 Financial Crisis
Bitcoin’s potential for price growth shines amidst looming economic challenges, underscored by insights from macroeconomist Lyn Alden. Alden points to historical patterns, suggesting that a repeat of the pre-2008 financial NewsBTC
Wiki Finance Expo Johannesburg 2025: Africa’s Premier Fintech, Crypto & Forex Event!
Johannesburg, 16 August 2025 — The highly anticipated Wiki Finance Expo Johannesburg 2025 is set to take place on 16 August 2025 at the Sandton Convention Centre. As the largest and most influential Fintech and Web3.0 event in Africa this year, Wiki Finance Expo Johannesburg 2025 promises to deliver an unparalleled experience for the industry. Event Details Date : 16 August 2025 Time : 9:00 AM – 6:00 PM Venue : Sandton Convention Centre, Johannesburg Focus Areas : Fintech, Forex, Web3.0, Crypto, Equities, Payments, AI Tickets : Free of charge Free Registration Link : https://qkt.io/wikiexpo_Africa2025 Why Attend? Wiki Finance Expo Johannesburg 2025 will bring together over 10,000 attendees and 3,000 top-tier companies to showcase the latest trends and breakthroughs in Fintech, Forex, Crypto, Stocks, Payments, and AI. This expo is a must-attend event for anyone looking to stay ahead of the curve in the global financial technology landscape. Who Should Attend? Forex and Crypto traders, KOLs Brokers, Affiliates & IBs Fund managers, Bankers Project Owners 0, Blockchain, and Online Trading Platform developers and users AI, Fintech, Liquidity, and Financial Services providers and professionals Entrepreneurs and Venture Capitalists eager to master global financial trends Past Speakers at Wiki Finance Expo Global Dominic Williams : Founder & Chief Scientist, DFINITY Foundation Evan Auyang Chi-chun : Group President, Animoca Brands Justin Sun : Founder – TRON, Member – HTX Global Advisory Board Reeve Collins : Co-Founder – Tether Joy Lam : Member of Task Force on Promoting Web3 Development – Hong Kong Government, Head of Global Regulatory & APAC Legal – Binance Alvin Hu : Managing Director, KuCoin Exchange Kevin Lee : CEO, Gate.HK Mario Nawfal : CEO, IBC Group Julian Tehan : CCO, BitMEX Hasnae Taleb : Managing Partner, Mintiply Capital, The Shewolf of Nasdaq by Nasdaq Stock Market Mayoon Boonyarat : Director Revenue Tax Policy Division, Ministry of Finance of Thailand John Riggins : Partner, BTC Inc Emomotimi Agama : Fellow, U.S. SEC & IFC – Milken Institute, Managing Director, Nigeria SEC/NCMI Loretta Joseph : Policy Consultant, The Commonwealth, Chairman, ADFSAC Florian M Spiegl : Appointed Member, (HK) SFC – FinTech Advisory Group, Founder & CEO, EVIDENT, Lecturer, HKU – Faculty of Business and Economics Brian Norman : CFO – Auros, Co-Chair Web3 & Blockchain committee – FinTech Assoc HK Bugra Celik : Director, Digital Assets | Global Private Banking & Wealth, HSBC Simon Callaghan : CEO, Blockchain Australia Hassan Ahmed : Country Director, Coinbase Singapore Contact Information Organizer Name : Loki So Email : loki@wikiglobal.com WhatsAPP : +86 19384080751 NewsBTC
