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- Santiment data has revealed that Bitcoin has been trailing Gold and the S&P 500 for weeks, creating bullish potential in the short term.
- Analysts believe that the extent of the upsurge would depend on how large the gap has been.
Bitcoin (BTC) was recently hovering above the $108k support level, aligning with our recent prediction following its double top pattern formation. However, the asset has bounced back to the $112.9k zone on its daily chart as it attempts to break into the $113.5k resistance level.
According to CoinMarketCap data, the asset has surged by 2.20% in the last 24 hours and 2.5% in the last seven days. In the same vein, its 24-trading volume has recorded a 9% spike to $62.9 billion, dragging its market cap to $2.22 trillion.
Bitcoin (BTC) Trails Gold and S&P 500
Amid this rebound attempt, Santiment data suggests that Bitcoin is still down by 5.9% since August 22. Within the same period, Gold has risen by 5.5% while the S&P 500 also surged by 0.4%. According to analysts, this carries a positive message as Bitcoin always “catches up” whenever it trails “world economies’ price trends for some period of time.”
Echoing a similar sentiment, Santiment hinted that this time may not be any different. To understand this even better, analysts have pointed out the strong correlation between cryptos and equities since 2022. The reason has been due to the rising addition of BTC exposure along with stock holdings by institutional investors.
The present divergence is reported to have been in shape for over two weeks. According to Santiment, the degree of upsurge would depend on the existing gap between Bitcoin and the others.
Commenting on this, crypto analyst Dies Zero hinted that this kind of divergence does not usually last long.
BTC trailing while gold and equities push higher has historically set up strong catch-up rallies. Institutions still treat crypto like risk-on beta, so the wider the gap gets the stronger the snap back tends to be. I would not be shocked to see a sharp reversal soon.
As indicated in our previous news brief, another analyst, called Juan Villaverde, believes that Gold leads Bitcoin by six months. Per his observation, major lows in the price of gold are usually followed by major lows in the Bitcoin price. With the opposite reported to be true, Juan believes that Bitcoin could reach a major high in late November 2025.
While no specific price target was mentioned, this upsurge prediction coincides with that of Cardano co-founder Charles Hoskinson. As detailed in our last analysis, he predicted that Bitcoin could hit $250k in the fourth quarter of 2025 (Q4 2025).
Currently, Bitcoin corporate holders have been rising with a staggering amount of 159,107 BTC accumulated in the second quarter of the year (Q2 2025). As noted in our earlier post, MicroStrategy remains the biggest corporate holder with 597,325 BTC held at that time. Another CNF publication also discloses that Bitcoin (BTC) could hit $160k by December 2025, and could continue to hit $250k.
