Is Bitcoin Setting Up For A Rally Given Its Historical Correlation With Gold?

1. Gold has surged by 20%, while Bitcoin has declined by 12%. 2. Central banks have significantly increased gold reserves, boosting its appeal. 3. Gold's projected price is $3,700 per ounce by year-end according to Goldman Sachs. 4. Bitcoin faces market volatility and regulatory challenges dampening institutional adoption. 5. Historical patterns indicate Bitcoin may soon rally, potentially surpassing previous highs.