Gold slumped nearly 4% on Monday as long-dated U.S. Treasury yields surged to their highest levels since 2007. Yet the turbulence in traditional markets translated into just a 1% pullback for Bitcoin. On the same day, the cryptocurrency merely dipped to $82,500 before quickly rebounding back to $84,000.
This divergence widened the performance gap across asset classes. Over the quarter, Bitcoin has climbed more than 40% - leaving gold, the S&P 500 index, and other major investment instruments far behind.
Bitcoin posted this quarterly gain even as the dollar strengthened. The U.S. Dollar Index (DXY) climbed 2.7%, moving from 98.78 to around 101.50 since September 9. As of September 29, 2026, at the time of writing, Bitcoin traded steadily at $84,117 according to CoinDesk.
Tug-of-War Signals at the $80,000 Level
Fidelity Investments mapped out potential price action using daily historical charts. Jurrien Timmer, Fidelity’s Director of Global Macro, identified a double-bottom breakout formation that opens the door for the asset to target $100,000.
“Bitcoin looks compelling here as it tests key resistance at $80,000,” Timmer wrote on X. “If this level breaks, it confirms a double bottom with a target of $100,000.”
In technical analysis, a double bottom pattern traces a trajectory resembling the letter W. The price drops to a baseline, bounces, dips again to test the exact same floor, and then rallies sharply. This recurring formation indicates buyers stepping in twice at identical price ranges, absorbing the selling pressure lingering at that threshold.
Three-Trillion-Dollar Liquidity Backing
Buyers’ defense line has proven solid so far. Bitcoin’s price has held above $80,000 and avoided sliding below its May peak, even as daily momentum indicators show signs of slowing.
High exchange trading traffic ensures the asset continues to circulate smoothly. Turnover from crypto traders was evident on decentralized exchange Hyperliquid, which posted daily volumes reaching $9 billion.
Market liquidity ammo also continues to be supplied by fiat-backed tokens. Research firm CoinShares estimates that the total stablecoin market capitalization could approach $4 trillion by the end of the decade. This dollar-denominated liquidity reserve will eventually test how strongly Bitcoin can climb along the chart trajectory outlined by Fidelity.
Source: CoinDesk.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
