A key signal for the crypto market has been given: the first cryptocurrency has simultaneously broken through critical levels against both the dollar and gold, indicating a shift in the global trend. Within one week, the asset rose by approximately 21%, and its price briefly exceeded the $79,000 mark. This event forces a reassessment of forecasts for the coming months.
One of the most important metrics I closely monitor is the ratio of Bitcoin's price to gold (BTC/gold). It is this pair that historically reverses earlier than the dollar-denominated rate. In December 2024, it reached its peak, while the pair against the dollar only updated its high in October 2025. A similar picture was observed at the lows: the bottom against gold was recorded in February 2026, while the rate against the dollar only dropped to its minimum in July — about five months later.
This sequence explains why investors were so pessimistic. Throughout the entire period, Bitcoin updated dollar records but consistently lost to gold. Any, even minor, decline in the rate was perceived painfully, especially against the backdrop of the previous growth cycle, where the coin also lagged behind the precious metal. However, the dynamics have now changed dramatically.
Why this is a reversal
Over the past week, Bitcoin has risen by 21% against the dollar and 6.6% against gold. At the same time, the monthly gain amounted to more than 22% against the USD. Such a synchronized surge is a rare phenomenon that indicates an exit from a prolonged consolidation phase. One of the catalysts was the decision by the U.S. Department of the Treasury to buy back long-term bonds, which added liquidity to the markets.
The current dynamics of the BTC/gold pair are particularly telling. It gave early signals at the top, and now it points to the completion of the downward cycle. Apparently, we are entering a new phase of growth that could become the most powerful in the history of the first cryptocurrency. However, after such a rapid move, a correction cannot be ruled out. Yet, in the event of a significant price decline, strong demand should be expected from buyers who were waiting for the right moment to enter.
Institutional perspective
It is telling that one of the largest corporate holders of Bitcoin, the company Strive, maintains a position of 20,246 BTC — this is the seventh-largest result among public institutions. Their average purchase price is $94,345 per coin, which is 22% above the current price. Despite the recent growth, the company's unrealized loss is still estimated at around $350 million. This certainly adds subjectivity to forecasts, but the very fact of holding such a large position speaks to long-term confidence in the asset.
My assessment: the synchronized breakout of levels against the dollar and gold is a powerful technical signal that often precedes a multi-month upward trend. If the BTC/gold pair holds above its key moving averages, we could witness the start of the most ambitious rally in Bitcoin's history. Over the next 12–18 months, the growth potential looks extremely attractive.