Did Bitcoin just finish its 8-week delay in copying gold's all-time highs?

Bitcoin is currently consolidating its gains as it approaches a crucial resistance level of $115,000, following gold's recent all-time highs. On September 30, traders noted Bitcoin's price hovering around $113,000 after a peak of $114,842. Popular analysts, including Cas Abbe and Michaël van de Poppe, highlight a bullish divergence and upward potential for Bitcoin, suggesting it is nearing a breakout point. However, there remain concerns about a CME futures gap that could pull Bitcoin back to $110,000 first. With gold reaching record levels, many traders believe Bitcoin will soon follow, citing an historical eight-week lag between the two assets. Some speculate that Bitcoin's price action reflects gold's recent bullish trend, with solutions to past price gaps expected to drive future growth. Overall, market participants are optimistic for a strong fourth quarter for Bitcoin, emphasizing the asset's correlation with gold's performance.

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