The post Gold Rally Sets the Stage for Bitcoin Price to Hit $150K Says Top Analyst appeared first on Coinpedia Fintech News
Gold has been shining brighter than ever, climbing to a record high of $3,725 and posting a 40% gain this year. While traditional investors celebrate the Gold rally, crypto watchers are paying close attention too.
According to top analyst Ted, Bitcoin may be next in line to mirror Gold’s powerful rally, with a target of $150,000 by the end of Q4.
Gold’s ATH Rally Sets the Stage
Gold prices climbed another 1% today, setting fresh records as momentum from an earlier breakout continues to push higher. A key driver behind this rally is China’s growing hunger for gold.
Non-monetary imports surged 64% in July to 104 tonnes, well above the five-year average. This strong demand from households, jewelers, and investors has kept the world’s largest bullion market firmly in buying mode.
China’s gold demand stays hot:
Non-monetary imports spiked +64% in July to 104 tonnes, above the 5-year average.
Household, jeweler, and investor demand keeps China, the world’s biggest bullion market, fueling the gold price rally.
Why Did Crypto Drop Today? Crypto Liquidations, Bitcoin News Today, Jerome Powell Speech
,
Bitcoin Set to Mirror Gold’s Path
Looking at historical charts, Ted highlighted how Bitcoin’s current structure closely resembles gold’s behavior before its breakout rally. In both cases, prices built up pressure under long-term resistance levels before exploding higher.
Bitcoin now appears to be tracing the same pattern.
However, the analyst expects one final shakeout before the real move begins. He warned of a potential 10%–15% correction in Bitcoin, which could help flush out greedy longs and overleveraged traders.
Once that happens, he believes the stage will be set for a major rally, sending Bitcoin toward $150,000 by the end of this year.
Bitcoin Price Outlook
As of now, Bitcoin is trading near $112,627, down 3% in the last 24 hours, with its market cap standing at $2.24 trillion.
Despite the dip, Ted’s analysis suggests that Bitcoin’s best days may still be ahead, mirroring gold’s path from consolidation to record-breaking highs.
function subscribed_popupmodal(template_id) { var templateId = ‘6’; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’); if (subcribemodal) { var modalContent = `
Never Miss a Beat in the Crypto World!
Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now
if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal =
`
You’ve Unsubscribed Successfully
We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!
Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!
`;
let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]); let subscribedCategoriesString = subscribedCategories.join(‘, ‘);
subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById(‘selectidname’)) { document.getElementById(‘selectidname’).textContent = subscribedCategoriesString; }
function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
// Function to get cookies function getCookie(name) { let value = “; ” + document.cookie; let parts = value.split(“; ” + name + “=”); if (parts.length == 2) return parts.pop().split(“;”).shift(); }
// Get user token from cookies const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage localStorage.removeItem(‘subscribe_without_Login’); localStorage.removeItem(‘subscribe_clicked_id’); } });
var listItems = document.querySelectorAll(‘.subscription-options li’); if (listItems.length === 0) return;
var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(‘input[type=”checkbox”]’); if (checkbox) { if (checkbox.checked) { item.classList.add(‘active’); anyActive = true; // Set anyActive to true } else { item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked } } });
}
function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent=”Subscribe Now”; } else { subscribeButtonSpan.textContent=”Unsubscribe”; } } }
function updateSubscriptionButton() { var listItems = document.querySelectorAll(‘.subscription-options li’); if (listItems.length === 0) return;
var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(‘input[type=”checkbox”]’); if (checkbox) { if (checkbox.checked) { item.classList.add(‘active’); anyActive = true; // Set anyActive to true } else { item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked } } });
// Update the button text based on whether any list item has the ‘active’ class updateButtonText(anyActive); } document.addEventListener(‘click’, function(event) { var clickedItem = event.target.closest(‘.subscription-options li’); if (clickedItem) { var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });
FAQs
Will Bitcoin follow gold’s rally?
Analysis suggests Bitcoin’s current price pattern is similar to gold’s before its breakout, potentially setting the stage for a significant rally by the end of the year.
What is the Bitcoin price prediction for Q4?
Based on the mirroring gold rally, one prominent analyst prediction sets a Bitcoin price target of $150,000 by the end of the fourth quarter.
What is driving the comparison between gold and Bitcoin?
Both assets are seen as alternative stores of value. Gold’s current explosive breakout is being used as a chart pattern model for predicting Bitcoin’s next major move.