The gold spot price hit a new all-time high of $3,357 yesterday, igniting discussions about its possible ripple effect on the Bitcoin market. At the beginning of April, gold was trading at $3,114. However, volatility struck early in the month. Between April 3 and 7, as global markets reacted to President Trump’s aggressive tariff policies, gold dropped by over 4.77%.
A 90-day pause in tariff implementation brought relief. From April 9 to April 16, the gold market rebounded strongly, surging more than 12%.
Bitcoin Bull Run Tied to Gold?
Crypto analysts like Joe Consorti are now watching gold’s rally closely. Consorti believes Bitcoin follows gold’s directional trends with a delay of 100 to 150 days. His claim isn’t without precedent.
In 2017, gold surged by 30% just months before Bitcoin climbed to $19,120. Similarly, in 2020, gold hit $2,075 before Bitcoin peaked at $69,000 in 2021. These past patterns suggest BTC may again be preparing for a major rally following gold’s breakout.
Bitcoin Price Today and What’s Next
According to coinpedia markets, Bitcoin is currently trading at $84,951.59. Over the past year, BTC has gained 36.9%. In April alone, it has grown about 3%. The Relative Strength Index (RSI) sits at 52.62, signaling neutral momentum. While 2025 has been volatile for Bitcoin, with a 17.5% drop in February and 2.19% in March, April appears more stable.
Analysts Forecast a Massive Bitcoin Bull Run
Joe Consorti and others believe the real BTC rally will begin in Q3 or Q4 2025. Another analyst, Apsk32, expects a breakout between July and November. A technical model using Bitcoin’s power curve time contour chart shows the potential for BTC to enter a parabolic phase in late 2025, with predictions reaching as high as $400,000.
Final Thoughts
With the gold price today setting new records, attention is shifting to Bitcoin. If historical patterns hold, a Bitcoin bull run may be closer than many expect. Investors are now watching for confirmation signals, and a surge above $100,000 could be the first sign that BTC is following gold’s lead once again.
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FAQs
Yes, Bitcoin often follows gold’s trends with a delay; past rallies in gold have preceded major BTC bull runs.
Analysts forecast Bitcoin could reach $400,000 in late 2025 if current bullish trends continue.
Gold hit an all-time high of $3,357 in April 2025, breaking previous records due to rising global uncertainty.
