Key takeaways:
Bitcoin’s new highs above $122,000 translate to 29% year-to-date beneficial properties, overtaking gold’s 27%.
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 high 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 property up to now in 2025,” chief market strategist at Inventive Planning, Charlie Bilello, said in a publish 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 property up to now 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 beneficial properties 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 property greater.
Associated: Strategy bags another $472M in BTC as Bitcoin jumps to new highs
Gold and Bitcoin are referred to as “unproductive property” as a result of they don’t generate earnings, 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% beneath this stage.
“Since Thursday, $BTC made a brand new ATH in USD phrases every day,” said market intelligence agency Glassnode in a Monday publish on X, highlighting the fresh all-time highs hit earlier within the day.
“BTC continues 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 told his followers to “count on 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. Count on fireworks once we decisively break above 1 kg/BTC. pic.twitter.com/TzabYVU8FN
— Tuur Demeester (@TuurDemeester) July 14, 2025
“Bitcoin’s relentless rally reveals no indicators of fatigue, surging previous $122K as momentum accelerates,” stated crypto buying and selling agency QCP Capital on BTC’s new all-time highs.
In a Monday Telegram word to traders, the agency added that BTC value outperformance stems from sturdy institutional urge for food, evidenced by final week’s greater than $2 billion in net 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 $121,600 on Monday, up 3% over the past 24 hours, per information from Cointelegraph Markets Pro and TradingView. BTC’s value motion had led to the formation of an ascending parallel channel on the hourly chart.
“$BTC channelling properly, respecting the median as resistance, and now pushing for the higher boundary of the ascending parallel channel,” widespread Bitcoin analyst AlphaBTC said in his newest evaluation on X.
The chart beneath reveals that if BTC efficiently overcomes the resistance from the center boundary, the subsequent logical transfer could be the higher boundary of the channel at $125,000.
The analyst added that the US CPI studying on Tuesday would possibly propel BTC value towards this goal.
“Bitcoin 125K subsequent.”
The BTC/USDT 24-hour liquidation heatmap reveals the massive liquidity clusters constructing simply above $123,000 as much as $125,000, per data 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 comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
