Bitcoin Price Prediction: Gold Hits All-Time High as BTC Flashes Classic Supercycle Setup – Is $250K Just the First Stop?
Gold simply printed a brand new document high at $3,572 an oz right this moment on Wednesday. It’s a reminder that buyers nonetheless flock to protected havens belongings when uncertainty lingers. However, right here’s the place it will get fascinating: Bitcoin is beginning to present the same sort of resilience.
While gold strengthens on price reduce bets and macro dangers, Bitcoin’s chart is flashing a technical setup we’ve seen in earlier supercycles—patterns that usually kick off multi-year rallies.
BTC/USD Short-Term Outlook
Bitcoin has damaged out of its downward channel, a construction that capped value motion for a lot of late August. What offers this breakout weight is the follow-through: robust inexperienced candles, a reclaim of each the 50-SMA ($110,252) and 200-SMA ($112,735), and momentum constructing with the RSI at 65—bullish, however not but overbought.
The first actual check sits at $113,576. If BTC clears that stage with quantity, I’d search for a run towards $116,000, and finally $118,600.
On the flip facet, help holds at $110,572 and $107,407. For these considering commerce setup, an extended entry close to $111,500–$112,000 with a cease just below $110,000 seems to be enticing, with targets at $116K and $118.6K.
Bitcoin (BTC/USD) Long-Term Supercycle Forecast
Zooming out, Bitcoin’s nonetheless transferring neatly inside its ascending channel, supported by the 50-week SMA at $95,958 and the 200-week SMA at $42,877. The development of upper highs and better lows stays firmly in place.
Fibonacci extensions paint a reasonably formidable image: first massive resistance at $134,274, then $171,055, and a stretch towards $231,241.
With the weekly RSI at 62, BTC has room to run earlier than hitting exhaustion. As lengthy as it stays above $95,000, the construction factors increased, with $171K as a practical mid-term goal. Break above $134K, and the path towards $230K–$250K opens up quick.
To me, the larger takeaway is that this: Bitcoin seems to be prefer it’s gearing up for the sort of transfer that defines cycles. Just like in previous supercycles, what begins with a clear breakout can snowball right into a parabolic part.
If gold is setting recent highs, Bitcoin won’t be far behind—and this time, $250K could possibly be simply the first milestone.
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