What does it mean for Bitcoin price?

Takeaways:

• Bitcoin ETFs experienced an inflow of $839 millions, while gold ETFs suffered a loss of $4.1 billion.

• History suggests that gold will rise by 8.3% in the coming months.

• BTC has a strong hold on a support technical, and is aiming to reach $150,000 before the year ends.

The gold’s glow is rapidly fading, just like its “digital” Bitcoin is a rival (BTC() regains ground lost.

The precious metal, which had a high of $4,381 just a week ago, has fallen by over 10.60% and is now down to $3,915, the lowest it’s been in seven days since April.

Bitcoin prices have soared by almost 6.70%, in line with the gold price correction. The US and China appear to be moving towards an agreement on trade.

Donald Trump made remarks regarding an “amazing meeting” Xi Jinping and I agreed on Thursday to lower the fentanyl taxes from 20% down to 10%. 

Could gold’s recent correction under $4,000 be an indication that traders will return to Bitcoin over the next few months?

Bitcoin ETFs attracted $839 Million amid Gold’s Fall

Farside Investors data shows that US Bitcoin ETFs have taken in $839 Million in net flows since Oct. 20 when gold reached a record high. Holdings are up in four consecutive sessions. shows.

According to the latest data from Bloomberg, ETFs that hold gold have seen a total of 1.064 millions ounces (approximately $4 billion) in outflows since October 22. Bloomberg data.

Investors sold 0.448 millions ounces gold on Monday, the biggest one-day sale in six months.

BTC’s technical indicators now point to a solid floor of around $101,790.

This aligns with the Fibonacci retracement of 1.0 and the exponential moving average (EMA) for the past 20 weeks. BTC is more likely to succeed if BTC holds the resistance confluence above. hitting $150,000 by year’s end.

JPMorgan analysts are expecting the BTC price to reach $165,000 in 2025It is still undervalued in comparison to gold, according to.

Gold is still not at its peak: analysts

Gold prices are still around 50 percent higher than they were at the beginning of this year. This is due to central bank purchases that have been record highs.debasement trade“, where Investors seek Protection from ballooning government debt Weakening of fiat currency

Metal trader David Bateman argues The bullish trend in gold remains unchanged despite current market corrections.

Gold’s technicals continue to indicate a bullish market correction. The metal is holding firmly above its 50 day exponential moving (50-day EMA) represented by a red wave.

As shown in the chart below, gold has bounced off the 50-day EMA every two years. This resulted in a rebound of between 4 and 33%.

Gold’s previous 10% corrections in the past three decades led to sharp recoveries within days. This indicates a short-term low rather than a deeper one.

Related: Bitcoin-gold correlation increases as BTC follows gold’s path to store of value

Data from the previous 10 instances of steep falls in stock prices all showed positive returns within two months, with an average 8.3%, as highlighted by Sabu Trades.

Gold could revisit the $4,200–$4,250 zone by December, effectively retesting its record highs and reaffirming the metal’s broader uptrend, if the pattern holds.

Metal cans further hit HSBC’s $5,000 target As long as the wave is above red, it will continue to hold in 2026.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.