Bitcoin Faces Gradual Climb with Pullbacks; $112K Key for Altcoin Rally – 29/9/2025
Analysts expect Bitcoin to advance steadily with intermittent pullbacks, while $112,000 is emerging as a critical level that could trigger broader altcoin activity. At the same time, gold advocate Peter Schiff has renewed the debate over gold versus Bitcoin, challenging Michael Saylor’s BTC treasury strategy.
CoinDesk Senior Analyst James van Straten said Bitcoin’s market structure is evolving alongside gold’s repricing. He forecasts a stair-step climb supported by steady ETF inflows, with 10–20% corrections along the way. Van Straten compared the setup to gold in the early 2000s, when prices rose over years but often paused for healthy pullbacks.
“In some periods, Bitcoin may lag gold, while at other times it may outperform—but over a full cycle, it could lead in total returns,” van Straten noted.
Michaël van de Poppe highlighted near-term price levels, identifying sub-$107,000 as a key buy zone where dip buyers may step in. He flagged $112,000 as a pivotal resistance level; a clean break above this point on UTC closes could confirm strength and broaden risk appetite, often prompting flows into major altcoins—a phase he terms “altcoin mode.”
Peter Schiff, CEO of Euro Capital, criticized Saylor’s Bitcoin strategy by comparing it with a hypothetical gold program. He argued that tens of billions of dollars in gold could be sold with minimal market impact, while liquidating a similar Bitcoin position could depress prices and spark copycat selling.
Bitcoin advocates counter that large positions can be exited gradually through over-the-counter channels, but Schiff maintains that gold’s market depth provides greater flexibility for ultra-large holders.
