Main Highlights:
Bitcoin must surpass $115,000 to confirm a continued upward trend.
Fears surrounding the CME futures gap suggest a potential drop to $110,000 first.
Gold reaches new records, leading traders to believe Bitcoin may soon follow suit.
On Tuesday, Bitcoin (BTC) held steady as gold hit new all-time highs, shifting focus to a possible BTC rally.
BTC price constrained by $115,000 “breakout” mark
According to data from Cointelegraph Markets Pro and TradingView, BTC/USD hovered around $113,000 post-Wall Street opening.
The pair reached $114,842 overnight, hitting its highest point since September 22 and boosting traders’ BTC price predictions.
“$BTC is currently forming a hidden bullish divergence,” popular trader Cas Abbe noted in one of his recent updates on X, referring to the relative strength indicator (RSI) on daily timeframes.
“Additionally, it’s nearing a significant resistance level around $115K, and a recovery will confirm the breakout. Monitor this closely.”
Crypto trader, analyst, and entrepreneur Michaël van de Poppe similarly anticipated upward momentum following what he described as a “small pullback.”
“Bitcoin has successfully broken a critical resistance zone and is poised for significant upward movement,” he shared alongside a chart.
However, concerns persisted regarding the weekend “gap” in CME Group’s Bitcoin futures market, potentially indicating a downward target at $110,000.
THE $BTC CME GAP IS SCREAMING.
Bitcoin doesn’t forget unfinished business.
Strong hands load the dip. Weak hands lose it all.
DON’T GET SHAKEN OUT! pic.twitter.com/vTymf6rv4k
— Merlijn The Trader (@MerlijnTrader) September 30, 2025
Traders view Bitcoin all-time highs as gold rises
The key discussion point was the comparison of Bitcoin to gold, as XAU/USD reached another all-time high of $3,871 per ounce.
Related: Keep an eye on these three Bitcoin price thresholds as the month ends: Analyst
As reported by Cointelegraph, increasing frustration ensued as Bitcoin’s performance did not mirror gold’s recent bullish momentum.
Market participants now believe the positive correlation between the two assets remains intact.
Trader Merlijn mentioned that Bitcoin continues to “mirror gold’s pattern.”
“Gold: a shakeout leading to ATH. Bitcoin: similar consolidation, same trap. The breakout is imminent. Next stop: price discovery mode,” part of his X post stated.
Crypto analyst and entrepreneur Ted Pillows asserted that BTC/USD merely follows gold with a characteristic lag, which he calculated to be about eight weeks.
“Currently, as gold hits new highs, Bitcoin will likely follow. There may be another brief correction, but overall Q4 looks promising for Bitcoin,” he forecasted.
Trader Daan Crypto Trades echoed that the Bitcoin rise was simply a “matter of time.”
“During this cycle, BTC & Crypto have experienced short bursts of significant outperformance followed by prolonged sideways consolidation against $GOLD & Stocks,” he told his followers on X.
“Ultimately, the market tends to catch up & more.”
This article does not provide investment advice or recommendations. All investment and trading decisions involve risk, and readers should perform their own research before making choices.
