Bitcoin outperforms gold as BTC surges toward $100,000 mark

Your preview for September 29, 2026

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Bitcoin

The precious metal dropped nearly 4% on Monday as longer-term yields reached their highest point since 2007, strengthening the dollar index. The DXY has climbed 2.7% from 98.78 to approximately 101.50 since September 9.

However, BTC experienced only a 1% decline on Monday, briefly touching lows near $82,500 before recovering to trade around $84,000 at the time of writing.

This resilience extends beyond the 24-hour price movement. BTC has surged over 40% this quarter, leaving gold, the S&P 500, and all other major assets in the dust.

BTC’s price action appears even more impressive on charts, where it’s evident that despite upward momentum losing steam, prices have remained in the $80,000 range and above May’s highs.

And this provides the signal for a potential move to $100,000 (check today’s signal).

BTC’s breakthrough above $80,000 has triggered a «double-bottom breakout,» a technical analysis pattern confirming a bullish trend and paving the way for a rally to $100,000, according to Jurrien Timmer, director of global macro at Fidelity Investments.

«Bitcoin looks particularly interesting here as it challenges key resistance at $80k. If it breaks, it will confirm a double bottom targeting $100K,» Timmer wrote on X on Friday.

A double bottom resembles the letter W on a price chart. The price drops to a low, bounces, falls back to roughly the same level, then rises again. The two dips show buyers stepping in at the same price twice. The peak in the middle of the W acts as resistance. A break above it suggests sellers have exhausted their momentum and a new uptrend may be beginning.

Timmer’s chart shows Bitcoin’s two lows this year at $60,033 and $57,742, with the middle peak near $82,800.

Chart patterns aren’t guarantees. Breakouts often fail, reversing quickly and trapping buyers who chased the move.

Still, the bullish setup aligns with options traders positioning for more gains. The $90,000 call is the most popular Bitcoin options bet on crypto exchange Deribit, with $2.45 billion in open interest. The $95,000 call follows with $2.33 billion, and the $100,000 call holds $1.79 billion. A call gives the buyer the right to buy at a set price and profits when the market rises above it.

However, options positioning can also flip quickly as market trends change. Stay alert!

What’s trending

— Analysts predict 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn’t panic (Decryptnews): The 10-year Treasury yield, which affects borrowing costs across the U.S. economy, has been rising for months, and some analysts now believe it’s heading to 6%, a level last seen in 2000. That might sound like bad news for Bitcoin. Not necessarily.

— Bitcoin is on track to shatter a major decade-long streak as September gains surge (Decryptnews): Since 2013, every previous positive August has been followed by a negative September. With two calendar days remaining, a positive close would break that pattern and give Bitcoin three consecutive monthly gains, from July through September.

— U.S., Iran hold separate mediator talks as Mideast oil exports hit wartime high (CNBC): U.S. and Iranian officials reportedly held separate indirect talks with mediators on Monday, reviving efforts to end seven months of war as Tehran presses for a response to a revised ceasefire framework and Middle East crude exports climb to their highest level since the conflict began.

— Anthropic warns AI may pose ‘existential risks’ to humanity’ in IPO filing (Reuters): Anthropic plans to caution potential investors that advanced AI could pose «catastrophic or existential risks to humanity, an extraordinary warning by a company seeking to profit from the same technology.

Today’s signal

The chart displays Bitcoin’s weekly price swings in candlestick format.

Prices recently rose past $82,000, confirming the double-bottom breakout as Fidelity’s Timmer noted. The pattern indicates that the downtrend has ended and a new bull run is upon us.

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