On September 4, the spot gold price reported at $3,561, with overnight gold prices reaching a historic high of $3,572 per ounce, reminding the market that funds continue to flow into safe-haven assets amid increasing global uncertainty. However, at the same time, Bitcoin (BTC) has also demonstrated similar resilience and technical structure—this pattern has previously triggered multi-year big pumps during past super cycles. This time, $250,000 may just be the first stop.
Short-term outlook: Breakthrough the downward channel, aiming directly at 118,600 USD
(Source: Trading View)
Recently, Bitcoin successfully broke through the downward channel that had suppressed its price since August, accompanied by a strong bullish candlestick recovering key moving averages:
· 50-day moving average: 110,252 USD
· 200-day moving average: 112,735 USD
· RSI: 65 (momentum strengthening but not overbought)
Short-term key resistance level:
· 113,576 USD (expected to hit 116,000 USD → 118,600 USD after the breakout)
Short-term support level:
· 110,572 USD
· 107,407 USD
Trading strategy reference: Layout long positions in the range of 111,500~112,000 USD, with a stop loss set below 110,000 USD, and target prices of 116,000 USD and 118,600 USD respectively.
Long-term Structure: Super Cycle Channel Solid, Target 250,000 USD
(Source: Trading View)
Zooming in to the weekly level, BTC is still steadily operating within an upward channel:
· 50-week moving average support: $95,958
· 200-week moving average support: 42,877 USD
· Higher lows continue to rise, structure is healthy.
Fibonacci extension target:
· 134,274 USD (first major resistance)
· 171,055 USD (mid-term target)
· 231,241 USD (long-term resistance zone)
As long as the price remains above $95,000, $171,000 is a realistic medium-term target; once it breaks through $134,000, the space towards $230,000 - $250,000 will open up rapidly.
Macroscopic Resonance between Gold and Bitcoin
The backdrop of gold reaching a historic high is the market's bet on interest rate cuts and the rise in macro risks. Historically, when gold enters a strong period, Bitcoin often does not lag behind, especially in an environment of loosened liquidity and a rebound in risk appetite.
This time, the technical aspects of Bitcoin resonate with the macro backdrop of gold, potentially triggering a "parabolic" rise similar to past supercycles.
Conclusion
Bitcoin has completed the classic first step of a super cycle - breaking through the long-term suppression structure. The next path may accelerate like a snowball, first challenging 134,000 USD, then hitting 171,000 USD, and ultimately aiming for 250,000 USD.
If gold can continuously reach new highs amid global uncertainty, then Bitcoin, as "digital gold," may soon迎來 its own historical moment.
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Bitcoin replicating gold's trend? The classic super cycle has started, and $250,000 may just be the starting point.
On September 4, the spot gold price reported at $3,561, with overnight gold prices reaching a historic high of $3,572 per ounce, reminding the market that funds continue to flow into safe-haven assets amid increasing global uncertainty. However, at the same time, Bitcoin (BTC) has also demonstrated similar resilience and technical structure—this pattern has previously triggered multi-year big pumps during past super cycles. This time, $250,000 may just be the first stop.
Short-term outlook: Breakthrough the downward channel, aiming directly at 118,600 USD
(Source: Trading View)
Recently, Bitcoin successfully broke through the downward channel that had suppressed its price since August, accompanied by a strong bullish candlestick recovering key moving averages:
· 50-day moving average: 110,252 USD
· 200-day moving average: 112,735 USD
· RSI: 65 (momentum strengthening but not overbought)
Short-term key resistance level:
· 113,576 USD (expected to hit 116,000 USD → 118,600 USD after the breakout)
Short-term support level:
· 110,572 USD
· 107,407 USD
Trading strategy reference: Layout long positions in the range of 111,500~112,000 USD, with a stop loss set below 110,000 USD, and target prices of 116,000 USD and 118,600 USD respectively.
Long-term Structure: Super Cycle Channel Solid, Target 250,000 USD
(Source: Trading View)
Zooming in to the weekly level, BTC is still steadily operating within an upward channel:
· 50-week moving average support: $95,958
· 200-week moving average support: 42,877 USD
· Higher lows continue to rise, structure is healthy.
Fibonacci extension target:
· 134,274 USD (first major resistance)
· 171,055 USD (mid-term target)
· 231,241 USD (long-term resistance zone)
As long as the price remains above $95,000, $171,000 is a realistic medium-term target; once it breaks through $134,000, the space towards $230,000 - $250,000 will open up rapidly.
Macroscopic Resonance between Gold and Bitcoin
The backdrop of gold reaching a historic high is the market's bet on interest rate cuts and the rise in macro risks. Historically, when gold enters a strong period, Bitcoin often does not lag behind, especially in an environment of loosened liquidity and a rebound in risk appetite.
This time, the technical aspects of Bitcoin resonate with the macro backdrop of gold, potentially triggering a "parabolic" rise similar to past supercycles.
Conclusion
Bitcoin has completed the classic first step of a super cycle - breaking through the long-term suppression structure. The next path may accelerate like a snowball, first challenging 134,000 USD, then hitting 171,000 USD, and ultimately aiming for 250,000 USD.
If gold can continuously reach new highs amid global uncertainty, then Bitcoin, as "digital gold," may soon迎來 its own historical moment.