The market for the first cryptocurrency is sending powerful signals of a trend reversal. Over the past seven days, Bitcoin has broken through key resistance levels in two dimensions at once—against the US dollar and gold. In my assessment, this event could mark the end of a prolonged correction and the start of a new upward cycle.
The BTC/gold ratio, which I closely track as an indicator of the crypto asset's strength against traditional safe-haven instruments, turned around earlier than the dollar pair. This is an extremely important signal that often foreshadows movement in the main price. In December 2024, the pair against gold reached its all-time high, while the rate against the dollar only updated its peak in October 2025. The lows, however, formed in the reverse sequence: BTC/gold found its bottom in February 2026, and the dollar pair—about five months later, in July.
Why this matters for investors
This sequence largely explains the pessimism among market participants. Bitcoin was updating dollar records but consistently losing to gold. Any, even minor, decline in the rate was perceived extremely painfully, especially against the backdrop of the previous growth cycle, where the coin noticeably lagged behind the precious metal.
Now the situation has changed dramatically. From Wednesday to Friday, Bitcoin rose by about 21%, briefly climbing above the $79,000 mark. This surge, I believe, was triggered by the US Treasury's decision to buy back long-term bonds, which added liquidity to the system and pushed investors toward risk assets.
Note the synchronicity: over the month, the coin gained more than 22% against the dollar and 6.6% against gold. Breaking through levels in both pairs simultaneously is a rare and strong confirmation of a reversal.
Forecast and risks
Despite the rapid growth, I acknowledge the possibility of a short-term correction. However, with any significant decline, in my opinion, we will see strong demand from buyers who have been waiting for this moment.
«I am absolutely confident that the bear market is over. If the BTC/gold pair has again given an early signal, and now both directions are moving up simultaneously, I have reason to expect a favorable 12–18 months and much larger growth opportunities in the future».
This confidence is also reinforced by the position of one of the largest corporate Bitcoin holders, which currently ranks seventh among public institutions with 20,246 BTC on its balance sheet. Their average purchase price is $94,345—about 22% above the current value, and the unrealized loss still reaches $350 million. This creates additional growth potential, as major players will be interested in recovering their positions.
My conclusion: Bitcoin's synchronized breakout against the dollar and gold is a classic bullish signal that I rarely ignore. If the momentum holds, we could witness one of the most powerful cycles in cryptocurrency history.