Bitcoin Surpasses Gold, Eyes $100,000

Bitcoin is outperforming gold and appears poised for a potential surge to $100,000, driven by technical patterns and market dynamics.

Crypto Daybook AmericasBitcoin Surpasses Gold as It Eyes $100,000 Mark

Your day-ahead look for Sept. 29, 2026

By Omkar Godbole|Edited by Jamie CrawleyUpdated Sep 29, 2026, 7:36 a.m. EDTPublished Sep 29, 2026, 7:34 a.m. EDT3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedIn Facebook Email Make preferred on (Scottsdale Mint/Unsplash)SummaryShow

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Bitcoin BTC$84,117.13 is achieving what seemed improbable at the beginning of this quarter and earlier in the year. It is outshining gold during a period when rising yields are putting pressure on the traditional safe-haven asset, with its trajectory suggesting a potential rise to $100,000.

Gold experienced a nearly 4% decline on Monday as long-term yields reached their highest point since 2007, causing the dollar index to increase. The DXY has climbed by 2.7%, moving from 98.78 to nearly 101.50 since September 9.

In contrast, BTC only dipped by 1% on Monday, briefly falling to around $82,500 before recovering to trade at approximately $84,000 at the time of this report.

This resilience extends beyond just daily price movements. BTC has surged over 40% this quarter, significantly outperforming gold, the S&P 500, and other major assets.

On the charts, BTC's price action is notably impressive. Despite a slight reduction in upward momentum, prices have remained within the $80,000s and above May's highs.

This sets the stage for a possible ascent to $100,000 (check today’s signal).

BTC’s rise above $80,000 has initiated a “double-bottom breakout,” a technical analysis pattern that confirms a bullish trend and opens the door for a rally to $100,000, as noted by Jurrien Timmer, director of global macro at Fidelity Investments.

"Bitcoin is looking particularly interesting here as it challenges key resistance at $80k. If it breaks it will confirm a double bottom targeting $100K," Timmer tweeted on Friday.

A double bottom appears like a W on a price chart. The price declines to a low, rebounds, falls back to a similar level, and then rises again. The two troughs indicate buyers entering the market at the same price twice. The peak in the center of the W serves as resistance. A breakout above this peak suggests that sellers are losing their grip, potentially marking the beginning of a new upward trend.

Timmer's chart illustrates bitcoin's two lows this year at $60,033 and $57,742, with the middle peak around $82,800.

While chart patterns aren't foolproof, and breakouts can fail, leading to quick reversals that trap eager buyers, the bullish setup aligns with options traders who are positioning for further gains. The $90,000 call is currently the most popular bitcoin options bet on the crypto exchange Deribit, boasting $2.45 billion in open interest. The $95,000 call follows closely with $2.33 billion, while the $100,000 call has $1.79 billion. A call option gives the buyer the right to purchase at a specified price, profiting when the market exceeds that price.

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However, options positioning can shift rapidly as market conditions change. Remain vigilant!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's Crypto Week Ahead.

What’s trending

Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn't panic (CoinDesk): The 10-year Treasury yield, which affects borrowing costs across the U.S. economy, has been on the rise for months, with some analysts predicting it could reach 6%, a level not seen since 2000. This might sound concerning for bitcoin, but not necessarily.
Bitcoin is on track to shatter a major decade-long streak as September gains surge (CoinDesk): Since 2013, every positive August has been followed by a negative September. With only two days left in the month, a positive close would break that trend, granting bitcoin three consecutive monthly gains from July through September.
U.S., Iran hold separate mediator talks as Mideast oil exports hit war-time high (CNBC): U.S. and Iranian officials have reportedly engaged in separate indirect discussions with mediators on Monday, reviving efforts to conclude seven months of conflict as Tehran seeks a response to a revised ceasefire framework and Middle East crude exports reach their highest level since the conflict's inception.
Anthropic warns AI may pose ‘existential risks' to humanity’ in IPO filing (Reuters): Anthropic plans to alert potential investors that advanced AI could present “catastrophic or existential risks to humanity,” an extraordinary caution from a company aiming to profit from the same technology.

Today’s signal

BTC's price chart. (CoinDesk)

The chart illustrates bitcoin’s weekly price fluctuations in candlestick format.

Prices recently surpassed $82,000, confirming the double-bottom breakout as noted by Fidelity’s Timmer. This pattern suggests that the previous downtrend has concluded and a new bullish phase is beginning.

Crypto Daybook AmericasRelated AssetsBitcoin$84,117.130.50%Latest Crypto News