Gold Hits New ATH, Could Bitcoin’s Bull Run Be Brewing?

Gold reached a new record high of $3,357 yesterday, sparking discussions about its potential influence on the Bitcoin market. Before this surge, gold had traded around $3,114 in early April but experienced volatility early that month. Between April 3 and 7, global markets reacted to President Trump’s aggressive tariff policies, causing gold prices to drop by over 4.77%. 90-day pause in tariff implementation brought relief, leading to a rebound in the market with gold surging more than 12% from April 9th to 16th. Crypto analysts are closely watching gold’s rally as they believe Bitcoin follows gold’s directional trends with a delay of 100 to 150 days. Joe Consorti, for instance, suggests this pattern may repeat. In 2017, gold surged by 30% just before Bitcoin hit $19,120. Similarly, in 2020, gold reached $2,075 just before Bitcoin peaked at $69,000 in 2021. These historical patterns suggest a potential BTC rally is brewing after the gold market breaks through its all-time high.