The market for the first cryptocurrency is sending clear signals of a reversal. Over the past week, Bitcoin has broken through key resistance levels simultaneously against the US dollar and gold. In my assessment, this event marks the end of a prolonged bearish phase and opens the door to a new growth cycle.
Analysis of the BTC/gold pair dynamics shows that this ratio acts as a leading indicator for the entire market. As early as December 2024, it reached its all-time high, while Bitcoin's dollar-denominated price only peaked by October 2025. The reverse sequence at the bottom is also notable: the low against gold was formed in February 2026, while the dollar price found its bottom only in July—about five months later.
This asynchrony explains a lot about investor sentiment. Bitcoin was updating dollar records but consistently lagging behind gold. Any, even minor, decline in the exchange rate was perceived extremely painfully against the backdrop of falling behind the precious metal in the previous cycle. However, the situation has now changed dramatically.
The breakout has occurred
From last Wednesday to Friday, Bitcoin gained about 21%, briefly rising above $79,000. I associate this surge with the US Treasury's decision to buy back long-term bonds, which added liquidity to the markets. The key point is that the coin broke through resistance levels simultaneously against both the dollar and gold. Over the month, growth against USD exceeded 22%, and against gold—6.6%. This is a powerful and sharp signal that cannot be ignored.
After such rapid growth, a correction is possible, but this will only confirm the strength of the trend. In the event of a significant price decline, we will see strong demand from buyers who are just waiting for an opportunity to enter the market.
"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 successful 12–18 months and much larger growth opportunities in the future."
My confidence in this forecast is also supported by the position of one of the largest institutional Bitcoin holders—the company Strive, which owns 20,246 BTC, ranking seventh among public institutions. The average purchase price of the asset is $94,345, which is about 22% above the current value. Despite the recent growth, the company's unrealized loss is still estimated at around $350 million.
My conclusion: the simultaneous breakout of key levels against the dollar and gold is a rare and exceptionally bullish signal. The leading nature of the BTC/gold pair only amplifies the significance of what is happening. The market is likely entering a phase of powerful recovery, and the current correction will become merely an entry point for those ready to act ahead of the curve.