Bitcoin Faces Slow Climb with Pullbacks; $112K Could Unlock Altcoin Rally – 29/9/2025
Analysts see Bitcoin moving in a gradual upward trajectory, with pullbacks along the way, while $112,000 is emerging as a key level for a potential altcoin rally. Meanwhile, gold advocate Peter Schiff has reignited the debate over gold versus Bitcoin by questioning Michael Saylor’s BTC treasury strategy.
CoinDesk Senior Analyst James van Straten said Bitcoin’s market structure is evolving alongside gold’s repricing. He expects a slow, stair-step advance fueled by steady ETF inflows, punctuated by 10–20% corrections. Van Straten compared the pattern to gold in the early 2000s, which saw multi-year gains interspersed with healthy pauses.
“In some periods, Bitcoin may lag gold, and in others it may outperform—but over a full cycle, it could deliver the strongest total returns,” he said.
Michaël van de Poppe highlighted near-term support and resistance levels. He identified sub-$107,000 as a key buy zone for dip buyers and flagged $112,000 as the ceiling to watch. A decisive break above $112,000 on UTC closes could confirm strength and expand risk appetite, often prompting rotation into major altcoins—a phase he calls “altcoin mode.”
Peter Schiff, CEO of Euro Capital, challenged Saylor’s Bitcoin strategy, contrasting it with a hypothetical gold treasury. He argued that gold’s liquidity allows tens of billions of dollars to be sold with minimal market impact, whereas offloading a similar Bitcoin position could depress prices and trigger copycat selling.
Bitcoin supporters counter that large positions can be exited gradually using over-the-counter channels, but Schiff maintains that gold’s market depth provides greater flexibility for ultra-large holders.
