Bitcoin Price Analysis: BTC to Outperform Major Macro Assets in the Coming Months
Bitcoin Price Forecast – Bitcoin (BTC) has seen significant gains recently, with the price hitting highs of $93,500 and gaining nearly 50% in Q4. Despite this, it has yet to outperform key macro assets such as the S&P 500, Nasdaq 100, NYSE FANG+ index, and gold — but experts predict it is just a matter of time before Bitcoin breaks these barriers. On November 15, Caleb Franzen, creator of financial research resource Cubic Analytics, shared his predictions on Twitter (X), suggesting that Bitcoin’s price will soon outperform these major indices.
Bitcoin’s Macro Breakout: Not Yet a Reality
Franzen acknowledges that while Bitcoin has shown remarkable performance in recent months, it has yet to achieve a breakout against traditional macro assets. Specifically, Bitcoin has not yet outpaced the S&P 500 or Nasdaq 100 index, which remain unbeaten by BTC. This also holds true for the NYSE FANG+ tech stock index and gold, which Bitcoin has not yet surpassed in terms of price performance.
In his tweet, Franzen confidently stated, “Just a matter of when, not if” Bitcoin will outperform these assets, reinforcing the view that BTC is poised for future gains.
The key moment in Bitcoin’s history, according to Franzen, was early 2021, before BTC/USD hit its all-time high of $69,000, which stayed in place for over two years. Since then, Bitcoin’s price has fluctuated, but it is still working toward setting new all-time highs across multiple asset classes.
In fact, as recently reported by Cointelegraph, Bitcoin is gaining ground against gold, which had a significant head start in setting new all-time highs in dollar terms. This has led many analysts, including Charles Edwards, founder of Capriole Investments, to predict a “rapid repricing” for BTC, now that Bitcoin has broken out in terms of USD.
Can Bitcoin Repeat Gold’s Historic Breakout?
Edwards recently shared a long-term chart of gold’s breakout in the 2000s after spending two decades below previous all-time highs from 1980. He suggested that Bitcoin could follow a similar trajectory, pointing to the potential for Bitcoin to set new records in the near future.
BTC/USD, Edwards suggested, could replicate gold’s historic behavior and experience a massive rally, positioning it to eventually beat all-time highs across the macroeconomic spectrum.
Bearish Bitcoin Predictions: Risks of a $72,000 Price
While the bullish case for Bitcoin remains strong, there are also bearish predictions in the market. On November 15, a well-known but controversial Bitcoin trader, Il Capo of Crypto, warned his followers that a crash across risk assets might be imminent. He posted a cryptic message on his Telegram channel, suggesting that a “black swan” event could trigger a significant market correction.
While Il Capo did not provide specific details, his followers recalled his previous controversial prediction of a $12,000 Bitcoin price target. Despite this, he has gained attention in the market due to his track record and insights.
Bitcoin Price Outlook: $72,000 Target for Bears
Adding to the bearish sentiment, another popular trader, Credible Crypto, has shared his analysis with a new downside target of $72,000 for Bitcoin. In his latest X (formerly Twitter) post, he analyzed the price movements, suggesting that if Bitcoin fails to break its $93,800 high in a clear, impulsive move, it could set the stage for a retracement to around $72,000.
Credible Crypto elaborated, “If we take our highs at 93.8k in a clear, impulsive move that breaks $100k+, then $72k and below is likely gone until the next bear market,” indicating that a pullback could be imminent. However, he also noted that if the price fails to break the highs, this could imply a more corrective move, with the possibility of testing $70,000-$72,000 again, suggesting a much higher probability of retracement.
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