Bitcoin has quietly outperformed gold over the past week, rising more than 8% against the yellow metal, according to market analyst João Wedson. In a recent X post, Wedson warned that gold’s markup phase may be nearing exhaustion, a point when “smart money quietly rotates into risk assets and starts selling gold.”
He noted that the surge in physical gold demand worldwide, from retail buyers to central banks, shows classic signs of euphoria, often marking a late-stage top. Meanwhile, Bitcoin remains comparatively underpriced, making it an appealing hedge for investors seeking asymmetric upside.
“Many people shouldn’t ignore our signals,” Wedson wrote. “Gold already proved its value, but strategically trading and accumulating both at the right moments might be a way to stay ahead of the market.”
Wedson’s analysis echoes growing sentiment across the crypto space that Bitcoin is regaining strength as the preferred store of value among risk-tolerant investors. The BTC-to-gold ratio, a key metric tracking relative performance, has climbed steadily since early October, a pattern last seen before major Bitcoin rallies in 2020 and 2021.
BTC Dominance Data Points to a 2025 – 2026 Bull Run
Another respected analyst, Dark Defender, shared a complementary perspective, one suggesting the crypto market may be entering the early stages of its next major bull cycle. His chart highlights that every major run-up in the past decade occurred after a sharp drop in Bitcoin dominance (BTC.D), a measure of Bitcoin’s share of the total crypto market.
2025-2026 Bull Run in a Nutshell:
We experience a Bull Run whenever #BTCDOMINANCE plunges. Happened in 2017, 2021.
Now it is time for the next one.
I know the fear is everywhere,
But just step aside and check the data below.Enjoy the show. pic.twitter.com/NsIUObPAuU
— Dark Defender (@DefendDark) October 22, 2025
According to Defender, the same setup seen before the 2017 and 2021 bull runs is forming again. “We experience a bull run whenever BTC dominance plunges,” he explained. “Now it is time for the next one.” His accompanying chart shows RSI (Relative Strength Index) nearing overbought territory, a sign that momentum may soon rotate from Bitcoin into altcoins, historically a prelude to broader market rallies.
“Fear is everywhere,” Defender added. “But just step aside and check the data. Enjoy the show.”
The Bottom Line: Rotation Is Underway
Both Wedson and Dark Defender’s analyses point to the same conclusion: the next major move could belong to Bitcoin. As gold sentiment peaks and BTC dominance approaches a turning point, seasoned investors appear to be positioning for a 2025-2026 cycle that could mirror past explosive rallies.
Whether this proves another multi-year uptrend or a shorter rotation, the message from analysts is clear: while the crowd chases gold, the next chapter of market momentum may already be forming quietly in Bitcoin.