Analysis: BTC Decouples from Gold Trend, Correlation Hits New Low Since Mid-2022

Odaily News Data shows the 52-week correlation between Bitcoin and gold has fallen to zero for the first time since mid-2022 and could turn negative by the end of January. Historically, under similar circumstances, Bitcoin has typically risen by an average of 56% within about two months, corresponding to a price range of approximately $144,000 to $150,000. From a cycle structure perspective, analysts believe Bitcoin's price action is mirroring the 2020–2021 bull market path, having transitioned from a long-term consolidation phase into the early stage of a "quasi-parabolic" rise. If the historical fractal pattern continues, BTC's target price for this cycle could point to around $150,000. The divergence between Bitcoin and gold's price movements often signals that BTC is poised for a strong performance. The current macro environment is also seen as favorable, including a rebound in global liquidity (M2 growth) and the nearing end of the Federal Reserve's quantitative tightening (QT). Matt Hougan, Head of Research at Bitwise, stated that a new global monetary easing cycle has begun and could continue to drive Bitcoin prices higher through 2026. (Cointelegraph)