Gold Crashes, Bitcoin Explodes: New Rally Ignites Crypto Market

Bitcoin Price Rally Technical Analysis Shows Early Rebound Signs

After several weeks of subdued performance, Bitcoin appears to be regaining strength, signaling the potential beginning of a new rally. Gold’s sharp rejection earlier this week has reignited investor attention toward Bitcoin (BTC), with many traders suggesting that funds could start rotating from traditional safe-haven assets like gold into digital ones, helping to fuel upward momentum in the cryptocurrency market.

As of Thursday morning, Bitcoin is trading around $109,705, marking a 1.25% increase in the past 24 hours, outperforming its seven-day and thirty-day averages. Though modest, the steady climb is reviving optimism across the market, with analysts now speculating that BTC may be preparing for a larger breakout in the near term.

Source: X

Institutional Activity Reinforces Market Confidence

Institutional involvement continues to play a pivotal role in shaping Bitcoin’s current momentum. Earlier this week, Tesla reported an $80 million profit in Q3 2025 from its Bitcoin holdings, marking another instance of a publicly traded company benefiting from long-term cryptocurrency exposure. This announcement provided an unexpected boost to market sentiment, proving that Bitcoin can still deliver significant returns even amid a volatile macroeconomic landscape.

Meanwhile, global asset management firm T. Rowe Price, which manages approximately $1.7 trillion in assets, filed for a new crypto exchange-traded fund (ETF) that aims to track a basket of 5 to 15 digital assets. The proposed ETF seeks to provide exposure to cryptocurrencies in a regulated framework, catering to growing institutional and retail demand.

These developments collectively signal that major financial institutions are once again showing confidence in digital assets. Tesla’s profitable quarter underscores the long-term viability of Bitcoin as a treasury reserve asset, while T. Rowe Price’s move indicates that traditional finance (TradFi) is preparing for deeper integration with decentralized finance (DeFi) ecosystems.

“Large institutions are no longer standing on the sidelines,” said crypto analyst Daniel Kwan of Arcane Markets. “When blue-chip corporations like Tesla and fund managers such as T. Rowe Price enter or expand their crypto exposure, it sends a strong message that the asset class is maturing and stabilizing.”

Inflation Data Could Set the Tone for the Next Big Move

The next major catalyst for Bitcoin’s direction may come from U.S. inflation data. All eyes are now on the upcoming Consumer Price Index (CPI) report, which will provide key insights into inflation trends and the Federal Reserve’s potential response.

Economists expect headline inflation to fall to 3.1% year-over-year, down from 3.7% in the previous month. A lower reading could strengthen the case for the Fed to implement a rate cut in its next meeting, a move that historically benefits risk assets such as Bitcoin and equities.

If inflation cools as expected—or comes in below forecasts—Bitcoin could test the $112,000 to $114,000 resistance range. However, a hotter-than-expected inflation figure could spark another correction, similar to the July drop when BTC fell nearly 14% after inflation surprised to the upside.

“Monetary easing and lower inflation are traditionally supportive for Bitcoin,” explained market strategist Elena Brooks from DeltaX Analytics. “If the CPI report comes in favorable, it could trigger another wave of institutional inflows and retail buying pressure.”

Bitcoin Technicals Show Gradual Recovery

On the technical side, the BTC/USD 1-Day Chart suggests the digital currency is slowly regaining strength after recent corrections. Bitcoin’s price currently hovers around $109,500, representing an intraday gain of roughly 1.7%.

Source: CMC

The Relative Strength Index (RSI), currently at 43.7, is rising from oversold territory, implying that selling pressure is easing and buyers are gradually regaining control. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is narrowing, which typically signals that bearish momentum is waning and a potential reversal could be underway.

If Bitcoin maintains support above $108,000, the next key resistance level stands near $115,000. A confirmed breakout above this mark would likely validate the ongoing rally and could push the price toward $120,000, establishing a new short-term bullish structure.

Market analysts believe that a decisive move above $115,000 would not only confirm Bitcoin’s rebound but could also encourage broader participation across altcoins, particularly in Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), which have been trading in tight ranges for weeks.

Gold’s Decline Reignites Bitcoin’s “Digital Gold” Narrative

Gold recently touched an all-time market capitalization of $30 trillion, but its subsequent pullback has drawn renewed attention to Bitcoin as an alternative store of value. The contrast between gold’s stagnation and Bitcoin’s agility is once again fueling the narrative of BTC as “digital gold.”

For many younger investors, Bitcoin represents a more efficient and borderless form of wealth preservation. Unlike gold, Bitcoin can be transferred globally within minutes, stored securely without physical logistics, and audited transparently on-chain.

“Gold’s rejection above the $30 trillion mark created a psychological opening for Bitcoin,” said independent commodities analyst Patrick Moore. “Investors seeking real-time liquidity and long-term upside are increasingly shifting portions of their portfolios from gold to BTC.”

Data from several exchanges also shows an uptick in Bitcoin inflows immediately following gold’s recent rejection. This trend supports the argument that macro traders and hedge funds are once again positioning Bitcoin as a hedge—not against inflation alone—but against a slowing global economy and tightening liquidity conditions.

What Comes Next for Bitcoin

If inflation data aligns with expectations and institutional participation continues to grow, Bitcoin could maintain its current trajectory into November. The market setup appears healthy: strong support at lower levels, improving momentum indicators, and steadily increasing optimism among investors.

A sustained move above $115,000 would open the door for further gains toward $120,000 to $125,000, potentially reigniting the broader crypto bull market. Conversely, if macro data disappoints or if profit-taking intensifies, short-term retracements could bring BTC back toward the $106,000–$108,000 support range.

Nevertheless, analysts emphasize that Bitcoin’s recent recovery has already re-established its role as a leading indicator for digital asset market sentiment. “We’re seeing signs of renewed conviction,” said Brooks. “Institutional capital is flowing back, retail traders are re-entering, and technical charts are flashing early signs of a rebound. All of these align with the start of a healthy recovery phase.”

The Bottom Line

After weeks of sideways movement and skepticism, Bitcoin’s resurgence is breathing life back into the crypto market. Backed by strong institutional developments, a favorable macro backdrop, and technical confirmation of a potential trend reversal, the world’s leading cryptocurrency appears poised for another attempt at higher levels.

As the market awaits key inflation data and broader economic cues, Bitcoin continues to showcase resilience—solidifying its reputation as both an investment vehicle and a symbol of the digital age’s evolving financial system.

If the next few weeks bring lower inflation and continued institutional participation, the Bitcoin Price Rally may accelerate well into November, marking the start of another exciting chapter for the cryptocurrency market.

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