Bitcoin Eyes $155K as It Tracks Gold’s Strength Amid Global Turmoil

Bitcoin Targets $155K in Gold-Inspired Breakout, Say Analysts

Bitcoin may be down roughly 10% in 2025, but analysts believe a breakout could be on the horizon — with a potential upside target of $155,000. According to new market analysis, the world’s leading cryptocurrency is mirroring gold’s behavior during times of global economic uncertainty and may soon follow its surge to fresh highs.

BTC/USD 1-day chart. Source: TradingView

Bitcoin vs. Gold: A Familiar Path?

Gold has continued to break records in 2025, recently climbing to $3,300 per ounce, driven by geopolitical tensions, trade wars, and a flight to safe-haven assets. Meanwhile, Bitcoin has yet to reclaim its all-time high, currently hovering around $84,400, roughly 9.3% down year-to-date.

Still, trading analysts remain optimistic. A popular crypto market watcher, Cryptollica, noted on April 16 that Bitcoin is likely to break out from its current consolidation pattern, similar to how gold recently did. Their mid-term BTC price target? A bullish $155,000.

“Bitcoin midterm target: 155K $,” the account posted, highlighting a wedge formation as the launchpad for the next leg up.

XAU/USD vs. BTC/USD. Source: Cryptollica/X

Macro Tailwinds Building for Bitcoin

Despite Bitcoin’s slower rally compared to gold, analysts highlight several tailwinds that could propel BTC higher:

A declining U.S. Dollar Index (DXY), often a bullish signal for hard assets.

A surge in global M2 money supply, signaling loose monetary conditions.

Increased demand for neutral, non-sovereign reserve assets.

These factors have historically supported strong Bitcoin rallies, and many investors believe the stage is being set once again.

XAU/USD vs. BTC/USD (screenshot). Source: Glassnode

Onchain Data: Bitcoin Shows “Remarkable” Resilience

Onchain analytics firm Glassnode reinforced the idea that Bitcoin’s fundamentals remain strong. In its April 16 market update, the firm called Bitcoin’s performance “remarkably impressive”, especially in the face of macroeconomic volatility stemming from renewed U.S.-China trade tensions.

“Amid this turmoil, the performance of hard assets remains remarkably impressive,” the report noted. “Gold continues to surge higher… Bitcoin initially sold off to $75K but has since recovered to $85K, now flat since this burst of volatility.”

Glassnode also emphasized that Bitcoin, alongside gold, is increasingly being viewed as a neutral reserve asset — a role historically reserved for fiat currencies and precious metals.

30% Drawdown? Still Healthy by Historical Standards

Bitcoin’s current drawdown from its all-time high sits at around 30%, which analysts argue is modest given the circumstances. In past global shocks, BTC has often suffered declines exceeding 50%, making its recent performance a sign of increased investor maturity and confidence in the asset.

Bitcoin bull market drawdowns (screenshot). Source: Glassnode

“In prior macroeconomic events like last week, Bitcoin has typically experienced greater than -50% sell-offs… this highlights a degree of robustness in modern investor sentiment,” the report added.

Will Bitcoin Catch Up to Gold?

As gold continues to shine, pressure is mounting for Bitcoin — often dubbed "digital gold" — to prove its hedge status. If Bitcoin does follow gold’s trajectory as some analysts suggest, the $155,000 price target could be more than just wishful thinking.

While nothing is guaranteed in crypto, the resilience of both assets in the face of growing global instability is giving bulls fresh hope that the best may be yet to come.