Bitcoin’s price may quickly return to $100,000 faster than expected by investors, especially if its separation trend from the US stock market and gold continues. After global tariffs announced by Donald Trump on April 2, Bitcoin initially dropped over 3% to around $82,500, then grew by about 4.5% surpassing $84,700. Meanwhile, the S&P 500 index plummeted by approximately 10.65% and gold, after reaching a record $3,167, decreased by about 4.8%. This recent divergence reinforces the narrative of ‘gold leading, then Bitcoin following.’ According to MacroScope market analyst, Bitcoin’s return to $100,000 could signal the start of a new period of superior performance compared to gold and other assets. Mike Alfred, the founder of Alpine Fox, also expects Bitcoin to grow 10 times more than gold. However, Bitcoin may first drop to $65,000. A similar descending pattern seen in the BTC/XAU ratio in 2021 is forming again. If this pattern repeats, the possibility of dropping below $20,000 exists. Fundamentally, the outlook for Bitcoin is bearish. Concerns about the onset of a US economic recession and Federal Reserve Chair Jerome Powell’s statements about high interest rates have put more pressure on the market. On the real-time digital currency price page, you can monitor the live prices of all tokens and cryptocurrencies.
