Analyst Says Gold’s Uptrend Shows the Chart Bitcoin Never Had

Analyst Exy says the gold upsurge shows the vertical breakout Bitcoin has yet to deliver, calling it the chart BTC never had. Bitcoin (BTC) posted a notable recovery on Monday, reclaiming levels above $87,000 as market momentum shifted upward following early April’s pullback. According to market data, the leading crypto reversed much of its recent downturn after forming a technical double-bottom pattern around the $74,000 to $75,000 range on April 7 and 9.  Since then, prices have steadily climbed, showing a 3.6% 24-hour gain and extending to a 3.5% rise over 7 days. Data from the past 14 days also showed moderate strength, with a 15.1% rise. Bitcoin Chart We Never Had While Bitcoin continued its recovery, analysts turned their attention to gold, which has posted steep gains since early 2024. A market analyst on X, dubbed Exy, noted that gold has delivered the type of vertical price movement Bitcoin investors have been waiting for.  https://twitter.com/eth_exy/status/1914150183308255445 Per the analyst’s chart, the precious metal surged from around $2,600 to over $3,000 this year, with minimal corrections and strong bullish momentum. Additionally, the current weekly chart showed a long, accelerating candle pattern. For instance, from the start of this year, Gold has surged from approximately $2,600 to $3,383 during the analyst's snapshot. This means that the asset has surged approximately 30.12% year-to-date. In contrast, Bitcoin has collapsed by more than 6% within the same period. If the crypto firstborn had surged by the same percentage as gold since January 1, its price during the analyst’s snapshot would have been approximately $121,012, representing a new all-time high. However, on a broader scale, Bitcoin has outperformed gold since the start of last year, up 120% while gold only boasts a 57% increase. Separately, crypto research account Cryptollica identified a breakout wedge pattern in BTC’s recent price activity. As posted on April 16, the analyst projected a midterm Bitcoin target of $155,000, suggesting the move may mirror gold’s recent rapid ascent, albeit in delayed fashion. Bitcoin Resilience as Historical Trends Reaffirm Growth Meanwhile, Glassnode’s latest weekly newsletter highlighted how both Bitcoin and gold have performed amid macroeconomic turbulence. The firm emphasized that these assets held firm while traditional risk assets faltered. Glassnode stated Bitcoin’s drop to $75,000 during broader market sell-offs was followed by a quick rebound to $85,000, neutralizing weekly volatility. Meanwhile, gold established fresh all-time highs above $3,300. In a broader historical context, Glassnode underlined Bitcoin’s maturing market behavior. Current drawdowns remain under 30%, which is less severe than previous declines exceeding 50% during past geopolitical events.  Interestingly, in a previous report, Ted, a crypto entrepreneur and analyst, tracked Bitcoin’s value against gold over the last decade. From April 2015 to April 2025, Bitcoin surged by 13,693.69%, vastly outpacing gold’s 156% rise over the same period. According to Ted, Bitcoin traded near $200 in April 2015, while gold was priced around $1,200 per ounce. As of April 2025, Bitcoin reached approximately $84,000, a leap of 33,500% from its 2011 price of $1. The comparison also extended back to 1933, when gold traded at $20.67 per ounce. As of 2025, it climbed to over $3,300, showing consistent yet slower growth compared to Bitcoin’s explosive decade-long performance.