Bitcoin Power Curve Time Contour Chart. Source: X.com

The lag between gold and Bitcoin could repeat the fourth-quarter rally

Since the beginning of 2024, Bitcoin and gold have recorded new highs in the market, with each asset outperforming the other during specific periods.

As illustrated in the chart, Bitcoin and gold reached new highs between March and August 2024. However, in the third quarter of 2024, gold led the rally, outperforming Bitcoin. For the fourth quarter, Bitcoin regained momentum, surpassing the precious metal and maintaining its leadership until March 2025, when gold again took the lead.

Bitcoin and gold price performance chart. Source: Cointelegraph/TradingView

Gold continues to lead BTC, but has fallen 6% since reaching new highs, while Bitcoin has gained 11%. Cointelegraph reported that BTC tends to follow the directional trend of gold with a lag of 100-150 days. According to that narrative, it is possible that Bitcoin could lead gold in the coming weeks.

Similarly, the US Dollar Index (DXY) fell to a new three-year low on April 21, further increasing the likelihood of a rally for risk assets. Cointelegraph reported that multi-year lows in the DXY have historically been bullish for Bitcoin. Crypto analyst 'Venture Founder' also noted,

"Traditionally, a drop in the DXY is very bullish for $BTC, we now have a massive bearish divergence for the DXY, which could suggest it drops to 90. The last 2 times this happened triggered a parabolic rally for Bitcoin in the final phase of the bull market (over 12 months)."

This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.

#Bitcoin

#Cryptocurrencies

#Dollar

#Gold

#Bitcoin Price

#Markets

#Market analysis