Bitcoin (BTC) has once again started to expand its price range within 15-minute candles, fluctuating above and below the $93,000 mark. The recent U.S. unemployment claims came in below expectations, partly due to the end-of-year period. As the BTC price continues to surge, many are left wondering what’s next for the leading cryptocurrency. While some traders anticipated a deeper dip, the swift upward movement back towards $90,000 has dampened those expectations, making such forecasts less widespread.
Bitcoin (BTC) and Gold
Gold has reached new all-time high levels and continues to attract buyers at high prices. For years, investors have closely monitored BTC’s performance relative to gold. Now, as BTC has returned to its lowest levels by the summer of 2024, analyst DaanCrypto believes a rebound could be imminent. With BTC’s market performance being tracked against gold, there’s a curiosity whether it will pick up pace or if gold’s growth might slow down. He suggested that the market value of BTC is appealing at this point, indicating potential for a stronger performance.
Meanwhile, Tether made headlines by purchasing 26 tons of gold in the third quarter of 2025, outpacing many central banks and bringing its total reserves to 116 tons. Similarly, its holdings in U.S. Treasury bonds exceed those of numerous countries.
Bitcoin Chart Analysis
Roman Trading and several other analysts maintaining a bearish perspective are waiting for BTC’s ongoing consolidation phase to conclude. The sentiment among some is that the bounce could continue up to $104,000, but they foresee an uninterrupted decline towards a new annual low. Analyst CryptoBullet shared a chart predicting a retest of $85,000, which could be followed by a rebound to $104,000. He also anticipates a final target of an even deeper dip.
On the other hand, Michael Poppe remains optimistic, reiterating the importance of holding the $91,000 support level. He shared a detailed analysis, emphasizing that maintaining this support is crucial to aiming for six-figure prices. Poppe forecasts that if momentum picks up, the $91,000 support retention will be essential.
Poppe expects the bullish momentum to accelerate within a few days, projecting a test of $88,000 if the support is lost. Nonetheless, maintaining this second support level would keep the path open for reaching six-digit price ambitions, according to Poppe.