Gold’s 2025 Rally (12 ATHs) Draws Comparisons to Bitcoin Price Action

Bitcoin appears to be carving its own path lately, moving independently from U.S. stocks. We saw that this week, as Bitcoin held firm and gained value during U.S. trading hours, while the broader stock market fell overall.

This leads analysts to compare Bitcoin to gold, an asset hitting multiple record highs already in 2025. Market watchers now track closely if Bitcoin will follow gold’s recent path higher, as BTC holds near key support levels.

How Did Bitcoin React Differently This Week?

The divergence was particularly clear April 16th. Bitcoin moved differently than major stock indexes, challenging its tech stock link. While the Nasdaq 100 fell over 3%, BlackRock’s Bitcoin Trust (IBIT) gained 0.46% during US market hours.

That same day, ‘Magnificent Seven’ tech stocks finished lower. Yet MicroStrategy (MSTR), tied heavily to Bitcoin, gained 0.30%. During Fed Chair Powell’s speech, Bitcoin and Nasdaq dipped initially. But Bitcoin bounced back fast over $84k as stocks kept sliding lower.

Bitcoin’s rebound followed Powell clearly stating the Fed wouldn’t support markets during selloffs. While that unnerved stock investors, Bitcoin seemed largely unfazed by the news.

Related: Trump’s Tariff Gambit: Will “Liberation Day” for US Trigger Gold Surge & Bitcoin Rebound?

Is Bitcoin Starting to Act Like Gold?

Crypto trader Cryptollica noted Bitcoin’s recent action resembles gold’s, which hit 12 record highs already this year. Though Bitcoin is down 9.3% YTD, analysts point to similar chart patterns developing. Cryptollica thinks Bitcoin might be positioning for its own breakout, possibly following gold’s upward path.

Related: “Once You See This, the Game Becomes Easier”: Analyst on Bitcoin Bull Run

Adding support, Glassnode data shows Bitcoin and gold holding well against economic headwinds like inflation and tariff uncertainty. Both holding key support suggests growing investor confidence in them as reliable stores of value.