Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A crypto analyst is calling for a $40,000 Bitcoin price surge within 60 days, and the macro environment may be building the casefor exactly that. Bitcoin is still pushing around $70,000,and many traders are watching closely after weeks of volatility across global markets. Bitcoin Will Have Its Turn Very Soon
One market participant known as ₿ariksis suggested that theBitcoin price could surge from $70,000 to $110,000 within the next 60 days if the current macro and technical conditions are set up well. Related Reading Has Bitcoin Price Bottomed Yet? Analyst Says We’re Not There Yet 1 day ago
The prediction from ₿ariksis is built on rotation across major assets. Gold, silver, and oil have delivered strong upward moves in recent weeks. Gold, silver, and oil have already recorded strong moves in recent weeks. Source: Chart from Arthur Hayes on X
Both gold and silver have been pushing tonew all-time highs in recent months, but Bitcoin has lagged behind. Geopolitical tensions between the United States and Iran have pushed crude oil prices above $100per barrel, which is another type of rapid rally that can unfold across markets.
Bitcoin is already known for how fast things can change, and this serves as a reminder that the leading cryptocurrency could be next in line fora fast repricing. A move from $70,000 to $110,000 in 60 days would require a gain of about 57%. This is obviously volatile, but not outside Bitcoin’s historical character once momentum and liquidity line up. Bitcoin Is Already Winning The Battle Of Relative Strength
The case for Bitcoin’s resilience was sharpened further byBitMEX co-founder Arthur Hayes, who shared a normalized comparative chart tracking Bitcoin, gold, and the Nasdaq 100 from February 28. Related Reading Bitcoin Price From $70,000 To $110,000 In 2 Months? Analyst Reveals How 3 hours ago
According to the chart shared by Hayes, Bitcoin has outperformed gold and the Nasdaq 100 since the US-Iran war started on February 28. Bitcoin’s line pushes above both gold and the Nasdaq over the period in the normalized performance chart, even as the oil and gas price spikes created the kind of macro conditions that usually punish risk assets.
Bitcoin gained approximately 7% over the measured period, while gold declined roughly 2% and the Nasdaq 100 edged down 0.5%. “Relative to similar type large risky assets, $BTC did the best when viewed against oil and gas energy price spikes,” Hayes noted.
There is also a second layer to this story: institutional conviction has not disappeared during the turbulence. For instance, Strategy recently disclosedthat it acquired another 17,994 BTC for about $1.28 billion, bringing its total holdings to 738,731 BTC.
The technical side ofthe bullish case shows Bitcoin’s price action is now touching a rising diagonal support that connects major cycle bottoms from 2018, 2020, 2022, and now 2026. The newest touch is marked near the mid-$60,000 area, almost exactly where Bitcoin has been trying to stabilize.
Each prior interaction with that trendline came near important cycle lows, and each was followed by a major recovery phase. According to a crypto analyst that goes by the name Vivek San, Bitcoin rallied 450% the last time this setup appeared. The projection by the analyst points to a return above $100,000, then sketches a possible extension above $240,000 into 2027. BTC trading at $72,528 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com