Highlights:
Bitcoin must surpass $115,000 to validate further upward momentum.
Worries regarding the CME futures gap suggest a possible dip to $110,000 first.
Gold reaches new all-time highs, leading traders to believe Bitcoin might soon follow suit.
On Tuesday, Bitcoin (BTC) maintained its gains as gold achieved new record highs, drawing attention to a potential BTC movement mimicking this trend.
BTC price constrained by the $115,000 “breakout” threshold
According to data from Cointelegraph Markets Pro and TradingView, BTC/USD was hovering around $113,000 following the Wall Street opening.
The pair reached $114,842 overnight, its highest since September 22, boosting traders’ expectations for BTC’s price.
“$BTC is currently exhibiting a hidden bullish divergence,” noted renowned trader Cas Abbe in one of his recent posts on X, referencing the relative strength index (RSI) on daily timeframes.
“Additionally, it’s nearing a significant resistance level around $115K, and if reclaimed, will validate the breakout. Keep an eye on this.”
Crypto trader and analyst Michaël van de Poppe also predicted upward movement following what he termed a “minor pullback.”
“As observed, Bitcoin has broken a vital resistance area and has significant room for growth,” he shared along with a chart from the day.
However, concerns lingered about the CME Group’s Bitcoin futures market “gap,” which indicated a possible downward target of $110,000.
THE $BTC CME GAP IS LOUDLY ANNOUNCING ITSELF.
Bitcoin remembers its unfinished business.
Strong hands seize the dip. Weak hands lose it all.
DON’T BE SHAKEN OUT! pic.twitter.com/vTymf6rv4k
— Merlijn The Trader (@MerlijnTrader) September 30, 2025
Traders anticipate Bitcoin reaching all-time highs as gold continues to rise
The primary discussion point was Bitcoin in relation to gold, especially as XAU/USD achieved another all-time high of $3,871 per ounce.
Related: Monitor these three Bitcoin price levels before the monthly close: Analyst
As reported by Cointelegraph, frustrations had been mounting as BTC’s price movements failed to mirror gold’s bullish trends in recent weeks.
Currently, market participants believe that a positive correlation between both assets persists.
Renowned trader Merlijn stated that Bitcoin was still “adhering to gold’s pattern.”
“Gold: shakeout into ATH. Bitcoin: similar consolidation, similar trap. The breakout is imminent. Next, we enter price discovery mode,” part of an X post from the day asserted.
Crypto analyst and entrepreneur Ted Pillows maintained that BTC/USD was indeed following gold, but with a characteristic delay—calculated by him as eight weeks.
“Currently, gold is hitting new peaks, which suggests Bitcoin will follow suit soon. We might see another correction, but overall Q4 is set to be significant for Bitcoin,” he forecasted.
Fellow trader Daan Crypto Trades concurred, asserting that Bitcoin’s rise was “just a matter of time.”
“Throughout this phase, BTC and crypto have experienced brief periods of large outperformance, interspersed with lengthy consolidation phases in relation to $GOLD and stocks,” he communicated to his X followers.
“Ultimately, the market tends to catch up & even more.”
This article does not offer investment advice or recommendations. Every investment and trading action carries risk, and readers should do their own research before making decisions.
