Bitcoin is Maintaining Its Uptrend — Despite Gold and Silver
Despite recent volatility, Bitcoin has shown resilience and it is becoming clear that BTC's movement does not depend on the price action of gold or silver. According to analysts, Bitcoin's growth is driven by long-term narratives rather than short-term correlations.
Key Points (Simple Breakdown)
Bitcoin's uptrend is independent of gold and silver, which challenges common assumptions.
Gold and silver have touched all-time highs in recent weeks, mainly due to geopolitical tensions and expectations of monetary easing.
Market sentiment shows a clear divide:
Gold market = Greed
Crypto market = Extreme Fear
Analysts believe that around 2026, Bitcoin momentum may reverse, and some see it as the start of a next decade-long bull cycle
Sentiment: Bullish
Price Impact: Neutral (short-term uncertainty, long-term strength intact)
Trading Idea (Not Financial Advice): Hold
Market Context: The divergence between traditional assets and crypto reflects changing investor behavior and macro factors
Bitcoin does not need gold or silver
According to Glassnode's lead analyst James Check, Bitcoin's recent strength does not depend on whether gold or silver pull back. He states that many Bitcoin supporters still fail to understand the real dynamics of these assets.
This point was also supported by macro analyst Lyn Alden in a recent YouTube podcast. According to her, the relationship between gold and Bitcoin is neither simple nor competitive — both play their own macro roles.
Currently, the Bitcoin-to-gold ratio is at 19.29, indicating BTC's relative strength. Alden explained that last year Bitcoin lagged behind while gold performed strongly — this is why this ratio is now shifting.
Gold, Silver ATH — Bitcoin Correction Mode Mein
Last week:
Gold went as high as ~$4,533
Silver went above $77
The reasons for this rally were:
Expectations of Federal Reserve easing
Weak US dollar
Rising geopolitical tensions
On the other hand, Bitcoin has seen a strong correction, which is at $ETH
~$XRP after dropping nearly 30% since (October 5)
is trading in the area.
Market participant Michael van de Poppe states that historically when gold is strong, Bitcoin tends to follow after a slight delay, which is part of a broader asset cycle.
Market Divergence and Future Outlook
From late 2022 to late 2024, gold and Bitcoin mostly moved together.
But this year, the picture has changed:
Gold: +60% up
Bitcoin: ~7.2% down
Sentiment also reflects this divergence:
Gold Fear & Greed Index: 79 (Greed)
Crypto Fear & Greed Index: 24 (Extreme Fear)
Despite this, many big names in the industry remain bullish:
Matt Hougan (Bitwise) expects positive Bitcoin performance ahead
Samson Mow (Jan3) sees a long multi-year bull run scenario
Final Thoughts
Bitcoin may still be under short-term pressure, but the long-term story remains unchanged.
Gold and silver are playing their roles, while Bitcoin is building its independent monetary narrative.
If sentiment flips, $BTC
