Bitcoin Could Hit $155,000 as It Follows Gold

Bitcoin aims for a new target of $155,000, inspired by gold, as the analyst calls both assets “impressively staggering.”

In an April 16 post on X, trading and analysis account Cryptollica predicted Bitcoin will follow in gold’s footsteps, heading towards new record highs.

Important similarities between ** Bitcoin ** and gold

Clearly, Bitcoin cannot keep up with gold’s record-setting pace in 2025. While XAU has consistently hit record highs, BTC is down 9.4 percent year-to-date.

! BTC price chart 4 hours | Source: TradingView Despite predictions of an impending “recession peak” for gold, Bitcoin bulls still expect the “digital” version of gold to catch up after several months of delay.

For Cryptollica, that means BTC will break the consolidated wedge pattern and quickly return to the six-digit mark or even higher.

“Bitcoin medium-term target price: $155,000,” the account shared.

! Bitcoin XAU and BTC | Source: CryptollicaBTC’s price performance is having many potential supporting factors and all have driven past bull runs

As reported, these factors include the falling US dollar index (DXY) and record highs of the global total M2 money supply

Bitcoin “incredible” during the trade war

Additionally, on-chain analytics firm Glassnode thinks that, despite the disparity in price performance, Bitcoin and gold have both weathered the current macro storm surprisingly

“In the midst of this turmoil, the performance of fixed-supply assets remains impressive. Gold continued to rise sharply, reaching a new record high of $3,300, as investors flocked to the traditional safe-haven asset. Initially, Bitcoin dropped to $75,000 along with risky assets, but later recovered and rebounded to $85,000, which is now stable after this volatility,” the company said in its latest The Week Onchain newsletter released on April 16

! Bitcoin XAU and BTC | According to Glassnode, gold and Bitcoin are “increasingly entering central status as global neutral reserve assets.”

In terms of BTC price corrections, analysts emphasized that, by historical standards, the current decline against ATH is still relatively mild, at only about 30 percent.

“During previous macroeconomic events such as last week, Bitcoin often experienced sell-offs greater than -50 percent, which indicates a level of stability in current investor sentiment towards the asset, even under adverse conditions,” the report said, referring to the ongoing trade war between the U.S. and China.

! Bitcoin Bitcoin bull market declines | Source: GlassnodeDisclaimer: The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

Minh Anh