Key takeaways:
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Bitcoin’s new highs above $122,000 translate to 29% year-to-date good points, overtaking gold’s 27%.
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BTC value uptrend stays resilient as an ascending parallel channel targets $125,000 subsequent.
Bitcoin (BTC) has staged a “relentless rally” over the past 5 days, hitting an all-time excessive above $122,000 on Monday. Bitcoin is now up round 29% year-to-date, placing it barely forward of gold, which has gained round 27% in 2025.
Bitcoin and gold “are actually the top-performing main belongings thus far in 2025,” chief market strategist at Inventive Planning, Charlie Bilello, mentioned in a put up on X on Sunday, including:
“We’ve by no means seen these two within the primary and quantity two spots for any calendar yr.”
Gold (+28%) and Bitcoin (+26%) are actually the highest performing main belongings thus far in 2025. We’ve by no means seen these two within the #1/#2 spots for any calendar yr. $GLD $BTC
Video: https://t.co/8pPyZehrH9 pic.twitter.com/XiQzuqf7q6
— Charlie Bilello (@charliebilello) July 13, 2025
Bitcoin hits 23-week excessive in opposition to gold
BTC value in opposition to gold has hit a 23-week excessive final seen on Jan. 31, extending the month-to-month good points in opposition to its “analog” store-of-value rival.
Bitcoin value in gold rose to 36.54 ounces on Monday, up 25% since June 22, as geopolitical and financial uncertainties push unproductive belongings larger.
Associated: Technique baggage one other $472M in BTC as Bitcoin jumps to new highs
Gold and Bitcoin are referred to as “unproductive belongings” as a result of they don’t generate revenue, dividends, or curiosity like shares, bonds, or actual property, relying solely on value appreciation for returns.
The BTC/XAU ratio peaked at 41 in December 2025 and is presently about 12% under this stage.
“Since Thursday, $BTC made a brand new ATH in USD phrases every day,” mentioned market intelligence agency Glassnode in a Monday put up on X, highlighting the contemporary all-time highs hit earlier within the day.
“BTC remains to be shy of ATH in CHF and gold phrases,” the agency wrote, including:
“However vs. gold, it’s now on the highest stage since early Feb – after outperforming persistently since June 22.”
Bitcoin investor and analysis analyst Tuur Demeester advised his followers to “anticipate fireworks” as soon as BTC decisively breaks above the value of 1 kilogram of gold, which is round $108,000 on the time of writing.
Bitcoin close to an all-time excessive in gold. Anticipate fireworks after we decisively break above 1 kg/BTC. pic.twitter.com/TzabYVU8FN
— Tuur Demeester (@TuurDemeester) July 14, 2025
“Bitcoin’s relentless rally exhibits no indicators of fatigue, surging previous $122K as momentum accelerates,” mentioned crypto buying and selling agency QCP Capital on BTC’s new all-time highs.
In a Monday Telegram observe to traders, the agency added that BTC value outperformance stems from strong institutional urge for food, evidenced by final week’s greater than $2 billion in internet inflows into spot Bitcoin ETFs, a transparent sign of rising participation.
“The market seems to have underestimated the power of this parabolic transfer, pushed by a decisive technical breakout and a pointy pickup in institutional demand.”
Bitcoin’s ascending channel targets $125,000
Bitcoin value was buying and selling at $121,600 on Monday, up 3% over the past 24 hours, per knowledge from Cointelegraph Markets Professional and TradingView. BTC’s value motion had led to the formation of an ascending parallel channel on the hourly chart.
“$BTC channelling properly, respecting the median as resistance, and now pushing for the higher boundary of the ascending parallel channel,” in style Bitcoin analyst AlphaBTC mentioned in his newest evaluation on X.
The chart under exhibits that if BTC efficiently overcomes the resistance from the center boundary, the following logical transfer can be the higher boundary of the channel at $125,000.
The analyst added that the US CPI studying on Tuesday may propel BTC value towards this goal.
“Bitcoin 125K subsequent.”
The BTC/USDT 24-hour liquidation heatmap exhibits the large liquidity clusters constructing simply above $123,000 as much as $125,000, per knowledge from CoinGlass.
Heavy bid orders are additionally round $120,000, suggesting that the value may drop to gather this liquidity earlier than resuming the uptrend.
As Cointelegraph reported, Bitcoin’s breakout on a number of time frames may unlock $130,000-$150,000 subsequent.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
