Bitcoin traders are preparing to gather at $ 100,000 as “decompression” and “Gold Leads BTC” forms

The price of Bitcoin (BTC) can return to the level of $ 100,000 faster than expected to investors if the early signs of their separation from the American stock market and continue gold.

“Gold Leads, Bitcoin” relationship begins

Bitcoin has ignored the market tensions caused by the announcement of the global tariff for US President Donald Trump on April 2.

While BTC initially decreased by more than 3 % to about 82,500 dollars, it eventually recovered by approximately 4.5 % to 84,700 dollars. In contrast, the S&P 500 decreased by 10.65 % this week, and gold – after setting a record 3.167 dollars on April 3 – decreased by 4.8 %.

The new difference leads to fueling “gold-bitcoin narration”, with signals from price trends from late 2018 to mid-2019 to predict a strong prices for about $ 100,000.

Gold began steadily up, and gained nearly 15 % by mid -2019, while Bitcoin remained largely flat. This was followed by the outbreak of Bitcoin shortly, as more than 170 % gathered in early 2019 and then rose 344 % in late 2020.

“Restoring $ 100,000 would mean delivery of gold to BTC,” He said Market analyst Macroskop, adding:

As in previous sessions, this would open the door to a new period of huge performance by BTC on gold and other origins.

Expectations are in line with the founder of the Alpine Fox Mike Alfred, who participated in an analysis of March 14, where he expected Bitcoin to grow 10 times or more of gold based on previous ideas.

Bitcoin ratio to gold is a warning of the bull trap

Bitcoin may look at a decrease of about $ 65,000, based on a huge flexion in the Bitcoin ratio to Gold (BTC/Xau).

The BTC/XUU ratio flashes an unprecedented pattern in 2021. The collapse followed a second major support test on the Saci 50-2W moving average.

BTC/Xau is now repeating this fracture and testing again 50-ema as support.

In the previous session, Bitcoin was unified around the same EMA level before declining decisively, eventually the support was found in EMA 200-2W (The Blue Wave). If the date is repeated, BTC/Xau may be on the right track for a deeper correction, especially if the macro conditions are worse.

Interestingly, these collapse courses coincided with the low value of bitcoin in dollars, as shown below.

If the fracture repetition, the initial Bitcoin goal on the negative side may be 50-2W EMA about 65,000 dollars, with additional sales indicating a lower decrease

On the other hand, it may be bounced by BTC/Xau’s 50-2W’s EMA, on the other hand, nullifying the declining fractures.

The recession of the United States was crushing bitcoin expenses

From a basic perspective, the Bitcoin price forecast appears to be perverted to the negative side.

Investors are concerned that President Donald Trump’s global tariff war can turn into a full trade war and lead to American recession. Risk origins such as bitcoin tend to have weak performance during economic contractions.

Related to: Bitcoin ‘Decouples “, shares lose $ 3.5T amid Trump’s tariff war and warn of” high inflation “

More morale, on April 4, Federal Reserve Chairman Jerome Powell pushed up against expectations for interest rate discounts in the short term.

Powell warned that the progress of inflation is still uneven, indicating a high -level environment that may add more pressure to the bullish bitcoin momentum.

However, most bond dealers see three consecutive discounts in prices until the Federal Reserve meeting in September, according to CME data.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.