According to the latest on-chain data statistics, the 52-week correlation between Bitcoin and gold has dropped to zero, marking the first time this has happened since mid-2022. Even more interestingly, analysts predict that this correlation indicator may turn negative by the end of January.

History offers some interesting references. Whenever Bitcoin and gold diverge like this, BTC often experiences a strong rebound. Statistical data shows that during similar moments in the past, Bitcoin's average increase over the following two months was 56%, with the price range roughly between $144,000 and $150,000.

From a cyclical perspective, technical analysts have noticed that Bitcoin's price action is reenacting the pattern seen during the 2020-2021 bull market. The key sign is that BTC has gradually shifted from a long-term sideways consolidation phase into the early stages of a "quasi-parabolic" ascent. If this fractal continues to play out, the target for this cycle could be around $150,000.

The macro fundamentals supporting this rally are also favorable. Global liquidity is rebounding (M2 growth is rising), and the Federal Reserve's quantitative tightening (QT) policy is nearing its end. Analysts from research institutions have publicly stated that a new round of global monetary easing has begun, which is expected to last through 2026 and continue to provide upward momentum for Bitcoin prices.