While bitcoin rallied to an all-time high of $76.5K, gold dropped by 4.7%, showing a shift in investor sentiment. Traders increasingly realize that they prefer risk assets. By next August, veteran analyst Peter Brandt projects Bitcoin could reach $130K–$150K.
Bitcoin and Gold Diverge: Crypto Gains as Gold Sees Weekly Dip
Santiment data shows a large reaction in the market after the U.S. presidential elections. Bitcoin has crossed the $76.5K all-time high, supported by the confidence of traders amid increased backing by institutions such as MicroStrategy and BlackRock.
Plus, the S&P 500 hits its record high at $5,935, a sign of strong sentiment in equity markets, too, at the same time. This rally is interesting because it happens at the same time gold is down 4.7%, which suggests investors prefer risk assets like Bitcoin and stocks instead of safe haven assets.
A rise to new highs in Bitcoin and the S&P 500 both indicates a high level of market optimism, influenced by the perceived economic policies of the new administration as well as growing institutional confidence in digital assets.
This is exactly the serendipity of crypto and traditional financial instruments interlinking, as Bitcoin stands itself as the biggest investment vehicle in the traditional financial market.
Crypto Analyst Brandt Predicts BTC Peak at $130K–$150K by Next August/September
Veteran trader Peter Brandt says Bitcoin is currently in the ‘prime phase’ of its halving cycle, which ‘is in the sweet spot’ of the current bull market. Bitcoin’s price could peak between $130,000 and $150,000 by August or September of the coming year.
Brandt’s confidence lies in this projected price range because his unique approach to market cycles usually differs from traditional thinking.
Brandt points to the cyclical pattern after halving events in Bitcoin, which historically have led to massive price rallies in the accompanying chart.
He highlights previous cycles as lasting between 517 and 518 days, essentially agreeing with his timeline of when Bitcoin might peak again.
If this pattern holds, we may see Bitcoin head to Brandt’s target range, driven by future market factors like institutional adoption and more mainstream acceptance.
Grounded in technical patterns and halving cycles, this analysis brings a compelling bullish perspective on Bitcoin’s trajectory, while even in the current market cycle, the upside for BTC could still be substantial.
BTC Dominance Hits 65%: Cowen Suggests Potential Reversal by 2025
Benjamin Cowen points out Bitcoin’s dominance is at a critical level when it reaches the upper limit of a long-term wedge pattern at 65% (stablecoins excluded) and around 60% once stablecoins are included.
This is well above where Cowen has been willing to live for the long term with BTC dominance, and he now thinks it’s high enough.
Given the technical possibility that BTC dominance does increase slightly by year-end, Cowen asserts that investors should start priming for a possible reversal in 2025.
In recent years, the chart shows a clear climb in Bitcoin dominance, reaching this key resistance level here, which might indicate some kind of shift in the market dynamics.
When it comes to a potential top, it might signify rotation of capital out of BTC dominance away and net benefit towards altcoins in the coming cycle.
As Cowen gets ready for what could be a significant change in Bitcoin’s dominance by 2025, his analysis offers a structured way to think about historical patterns and technical levels.
 price hits $76.5K as BTC dominance reaches 65%, signaling a possible altcoin shift by 2025. Analysts predict...){kind=link}