Bitcoin could set its next all-time high in dollar terms between April and December 2027, an analysis said, citing repeating cycles in its relative strength against gold. The study focuses on the BTC/XAU ratio, which measures how many ounces of gold one bitcoin is worth. It argues that after the ratio forms a low following a period of gold outperformance, bitcoin later reaches a new dollar record.

Bitcoin stayed below $77,000 and extended weakness as U.S. long-term Treasury yields rose to around 20-year highs, pressuring both risk and safe-haven assets. The 30-year U.S. yield climbed to its highest level since July 2007, adding downside pressure on stocks and triggering selling in gold and silver, with spot gold falling below $4,500. Analysts cited high yields and high oil prices as a double burden on bitcoin, while geopolitical uncertainty persisted.