A Crypto Analyst Calls for a $40,000 Bitcoin Price Surge within 60 Days, and the Macro Environment could be building the case exactly for that. Bitcoin still is around $70,000, and many traders are closely watching developments after weeks of volatility in global markets.
It will be Bitcoin’s turn very soon
One operator known as ₿ariksis suggested that the Bitcoin’s price could rise from $70,000 to $110,000 within the next 60 days if current macro and technical conditions are properly settled.
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₿ariksis’ forecast is based on rotation between key assets. Gold, silver and oil have driven strong upward moves in recent weeks. Gold, silver and oil have already shown strong movements in recent weeks.
Both gold and silver have insisted new all-time highs in recent months, but Bitcoin has lagged behind. Geopolitical tensions between the United States and Iran have done just that pushed the price of crude oil above $100 per barrel, which is another type of rapid rally that can play out across markets.
Bitcoin is already known for how quickly things can change, and this is a reminder that this is the leading cryptocurrency could be next in line a quick price revision. A move from $70,000 to $110,000 in 60 days would require a gain of about 57%. This is clearly volatile, but not outside of Bitcoin’s historical nature once momentum and liquidity align.
Bitcoin is already winning the battle for relative strength
A plea for Bitcoin’s resilience was further tightened by BitMEX co-founder Arthur Hayes, who shared a normalized comparative chart tracking Bitcoin, gold and the Nasdaq 100 as of February 28.
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According to the chart shared by Hayes, Bitcoin has outperformed gold and the Nasdaq 100 since the US-Iran war began on February 28. Bitcoin’s line outpaces both gold and the Nasdaq over the period on the normalized performance chart, even as oil and gas price spikes created the kind of macro conditions that typically punish risky assets.
Bitcoin gained about 7% over the measured period, while gold fell about 2% and the Nasdaq 100 fell 0.5%. “Compared to similar large risk assets, $BTC performed best against the peaks in oil and gas energy prices,” Hayes noted.
There is also a second layer to this story: institutional conviction did not disappear during the turbulence. For example, Strategy recently announced that it acquired another 17,994 BTC for approximately $1.28 billion, bringing its total holdings to 738,731 BTC.
The technical side of it the bullish case shows Bitcoin’s price action now hitting a rising diagonal support connecting the major cycle bottoms of 2018, 2020, 2022, and now 2026. The latest touch is marked around the mid-$60,000s, almost exactly where Bitcoin has been trying to stabilize.
Every previous interaction with that trendline came near major cycle lows, and each interaction was followed by a major recovery phase. According to a crypto analyst who goes by the name Vivek San, Bitcoin rose 450% the last time this setup appeared. The analyst’s projection points to a return above $100,000, then outlines a possible extension above $240,000 into 2027.
Featured image from Getty Images, chart from Tradingview.com