Analysts: Historical data shows that Bitcoin tends to follow suit in the 150 days after gold hits new highs

PANews reported on April 18 that, according to Cointelegraph, on April 17, the price of gold soared to an all-time high of $3,357 per ounce, triggering speculation about whether Bitcoin would follow suit. In 2017, Bitcoin soared to $19,120 after gold rose 30% a few months ago. Similarly, during the pandemic in 2020, gold reached a new high of nearly $2,075, followed by a surge of Bitcoin to $69,000 in 2021. Historically, whenever gold has risen, Bitcoin has broken through its previous all-time highs, reflecting the dynamic between the two assets during times of economic uncertainty and when investors look for alternatives to the US dollar. Further highlighting the correlation between the two assets, Joe Consorti, head of growth at Theya, noted that bitcoin will follow the directional trend of gold with a lag of 100-150 days. "When the money printing press starts, gold will smell first, and then bitcoin will follow it even harder," Consorti said. "Taking into account Consorti's view, Bitcoin is on track to reach new all-time highs between Q3 and Q4 2025. Anonymous bitcoin supporter apsk32 expects a similar outcome or bull run between July and November.