BTC Rebounds Despite Tariff Shock, Charts Its Own Path
Bitcoin may be on track to hit $100,000 sooner than expected, as signs of its decoupling from traditional assets like gold and the U.S. stock market continue to emerge. This shift comes in the wake of U.S. President Donald Trump’s global tariff announcement, which rattled broader financial markets earlier this week.
Initially dipping over 3% to around $82,500, Bitcoin quickly recovered, bouncing back by roughly 4.5% to surpass $84,700. Meanwhile, the S&P 500 took a steep hit, falling over 10%, and gold, despite reaching a new peak of $3,167 on April 3, slid nearly 5% afterward.
‘Gold Leads, Bitcoin Follows’ Trend Gains Momentum
The recent divergence has revived a market narrative suggesting gold’s movement often foreshadows Bitcoin’s future trajectory. Analysts point to historical trends, such as the late 2018 to mid-2019 cycle, when gold rose nearly 15% before Bitcoin began a major rally. BTC eventually soared over 170% in early 2019 and continued climbing another 344% by late 2020.
MacroScope, a well-known market analyst, noted, “A reclaim of $100K would imply a handoff from gold to BTC,” suggesting Bitcoin may soon outperform both gold and other major asset classes.
Mike Alfred, founder of Alpine Fox, echoed this sentiment. Citing a March 14 analysis, he predicted Bitcoin could grow tenfold compared to gold if past patterns repeat.
BTC-to-Gold Ratio Hints at Short-Term Pullback
Despite the optimism, some technical indicators are flashing caution. The Bitcoin-to-gold (BTC/XAU) ratio is showing signs of a bearish fractal pattern similar to what traders observed in 2021.
This pattern emerged after the ratio failed to hold support at its 50-period exponential moving average on the biweekly chart. If the trend continues, Bitcoin could face a short-term pullback, possibly falling toward the $65,000 range before regaining upward momentum.
For now, traders are closely watching whether Bitcoin can maintain its current strength and turn the gold-led signal into a breakout rally.
