Bitcoin last week 
$113,362.30The decline of up to $ 108,000 means a 13 percent loss from the $ 124,500 historical summit. This harsh decline, investors’ minds, “was the hill seen?” awakened his questions. However, some analysts argue that the real bull market has not yet begun, and draws an optimistic picture, especially in comparison with gold.
Correlation between gold and bitcoin
While the US stock exchanges and gold broke records in succession, Bitcoin could not catch the same momentum. Analyst Milk Road Macro said Bitcoin usually follows the movements of gold with a delay of 3-4 months. According to this view, the rise initiated by gold on the stove may be a new jump signal for Bitcoin in October-November. Compared to the 10 percent rise of gold, it is emphasized that Bitcoin has the potential to make 5 to 10 times this increase. This points to the range of $ 160,000 to 220,000 dollars for BTC in the coming period.
112,000 dollars level critical threshold
Bitcoin increased to $ 112.293 last Monday and showed a short -term recovery. According to Analyst AlphabTC, the protection of $ 112,000 support level can accelerate the price towards $ 114,000. In addition, liquidity maps in the market indicate the intensity of orders exceeding $ 600 million above these levels. This gives signs that a possible leap can be made in the short term. On the other hand, Cryptoquant data reveals that Bitcoin is still in the bull market based on top -of -chain metrics.
Similarly, Ethereum 
$4,170.04 On the side of the recovery signs have been observed recently. ETH increased the confidence of investors by managed to hold on to $ 2,600. These developments contribute to the formation of an optimistic atmosphere in the general crypto market.
Although Bitcoin’s fall to $ 108,000 creates short -term panic in the markets, the views supported by analysts with gold and chain data show that the long -term rise is still on the table. If the level of $ 112,000 and $ 114,000 are preserved, October may re -confirm their expectations in the crypto market.
