Bitcoin vs Gold: Which Asset Could Reclaim Its All-Time High First?

At press time, Gold has the shorter route to its record, but Bitcoin shows stronger near-term demand signals. October 29 TradingView charts put $BTC at $79,862, 36.7% below $126,200, while gold traded near $4,023, 28.1% below $5,599. Despite this difference, the price analysis shows that neither asset has confirmed a sustained bullish reversal, making momentum an important factor in determining which could reclaim its peak first.

Lower Highs Challenge Bullion’s Distance Advantage

According to TradingView charts, gold needs approximately 39% to reclaim its peak, against 58% for Bitcoin. Yet XAUUSD has formed lower rebound highs since its record, with advances failing near $4,600. As a result, support remains at $3,950–$4,050, while the $4,600–$4,700 range continues to act as immediate resistance.

Bitcoin, on the other hand, rebounded from $58,000–$62,000 before sellers emerged near $87,300. $BTC now faces $84,000–$87,400 resistance, followed by $92,000 and $97,925. The price analysis, however, shows a recovery without weekly breakout confirmation.

Hence, $BTC faces immediate support at $74,967, and a break below this level could weaken its recovery further. Meanwhile, XAUUSD risks falling toward $3,250–$3,500 if gold loses $3,950 support. On the upside, gold faces higher resistance levels at $4,891 and $5,419.

Therefore, price analysis across both charts requires sustained weekly closes above resistance to confirm stronger momentum. These contrasting trends consequently complicate a simple distance-based $ATH comparison.

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Bitcoin ETF Inflows Improve as Gold Faces 2.67% Real Yields

Meanwhile, Bitcoin ETF demand has improved, with SoSoValue reporting $137.3 million in net inflows on October 28, following $176 million the previous day. This marked three consecutive positive sessions after earlier October withdrawals.

However, $BTC remains sensitive to Fed policy, liquidity, dollar strength, and risk appetite. The Federal Reserve held rates at 3.75%–4% on October 28, with two policymakers favoring an increase.

Gold also faces pressure from U.S. 10-year real yields at 2.67%. Nevertheless, XAUUSD retains support from 39 tonnes of net central-bank purchases in August and potential geopolitical safe-haven demand. Meanwhile, price analysis considers September PCE inflation data, due October 29, which could influence yields and the dollar.

Bitcoin vs Gold: Which Has the Stronger Path to a New $ATH?

Basically, gold remains closer, but Bitcoin has stronger evidence of recovering momentum from its rebound and improved ETF demand. Nevertheless, neither has cleared decisive resistance. For Bitcoin, price analysis centers on a sustained weekly close above $87,400, accompanied by continued inflows.

$BTC would then face $92,000, $97,925, and $100,071 before reaching $126,200. For Gold, price analysis requires XAUUSD to clear $4,700 alongside softer real yields and dollar weakness. XAUUSD then faces $4,891 and $5,419 before its $5,599 record.

The comparison therefore favors $BTC on current momentum, while bullion retains the shorter distance. An XAUUSD breakout would change that comparison, while $BTC’s failure at $87,400 could erode its advantage.

Key Technical Levels

Bullish Case

Bitcoin clearing $87,400 with sustained ETF inflows strengthens its recovery, while gold breaking $4,700 alongside softer real yields improves its $ATH prospects.

Bearish Case

On the other hand, Bitcoin losing $74,967 weakens momentum, while gold falling below $3,950 exposes deeper support.

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