The correlation between BTC and gold drops to a new low since mid-2022

The data shows that the 52 week correlation between Bitcoin and gold has dropped to zero, marking the first time since mid-2022, and may turn negative by the end of January. Analysts believe that the trend of Bitcoin is repeating the bull market path of 2020-2021, and has shifted from a long-term consolidation phase to a "quasi parabolic" upward trend, with a target price of around $150000. Bitwise research director Matt Hougan stated that a new round of global monetary easing has begun and may continue to drive up Bitcoin prices in 2026.