Bitcoin (BTC) could hit a new all-time high in the third quarter of 2025, according to cryptocurrency analyst Ted Pillos, who is inspired by similarities between Bitcoin’s current price action and gold’s rally.
According to Pillouse, Bitcoin, appears to be following the same sequence of market phases that gold experienced before its big breakout.
He noted that gold went through a distribution phase followed by years of accumulation from 2013 to 2018. After 2020, it entered a re-accumulation phase, leading to a sharp rise to record highs around $3500.
Gold and Bitcoin price chart. Source: Ted Pillouse
The expert believes that Bitcoin is following the same path. After peaking in 2021, BTC experienced a steep correction followed by an accumulation phase during 2022 and 2023.
In 2024 year Bitcoin entered a re-accumulation phase, gaining momentum and breaking higher. If this trend continues, it could enter a rally phase similar to the one gold experienced before its surge higher.
Pillows noted that both assets corrected after reaching new highs, which confirms the comparison. In this regard, the expert predicts that Bitcoin could reach $125,000 to $130,000 by the third quarter of 2025.
