A seasoned financial analyst who accurately forecasted gold’s historic surge to all-time highs and predicted the robust rally in the S&P 500 is now shifting his attention to Bitcoin. Mel Mattison, a veteran in the financial services sector, recently shared his bullish outlook on Bitcoin, suggesting that the cryptocurrency is on the brink of a significant upward movement. According to Mattison, now is the time for investors to start accumulating BTC as it enters a potentially transformative stage in its market cycle.
This isn’t the first time Mattison has issued bold market predictions that later materialized. Back in April, he urged investors to buy into the S&P 500, boldly forecasting a surge to 7,000 within a year and an eventual rise to 15,000 before the end of Donald Trump’s presidential term. Since then, the index has seen considerable gains, affirming Mattison’s optimistic stance. Similarly, in August, he advised capitalizing on a downturn in gold prices, calling it a rare long-term opportunity. He reinforced his conviction by acquiring January 2026 GLD call options at strike prices of $330 and $350, anticipating a rally within 6 to 12 months. Gold’s subsequent climb to new record highs validated his analysis once again.
Having proven his foresight in both equities and commodities, Mattison is now turning to Bitcoin as the next major investment opportunity. He believes Bitcoin could follow a path similar to gold’s meteoric rise in the 1980s, making it an ideal asset in the current global financial environment, which is increasingly favoring risk-on strategies.
Supporting this perspective, another well-known crypto market strategist, Merlijn the Trader, recently presented a compelling technical analysis comparing Bitcoin’s current weekly chart to gold’s historical price pattern from the late 1970s. The resemblance between the two is striking: both assets exhibit an ascending channel formation, with Bitcoin’s price movements from 2023 to 2025 closely echoing gold’s behavior between 1976 and 1979.
Merlijn noted that Bitcoin is now trading near the upper boundary of this ascending channel, mirroring the consolidation phase that preceded gold’s explosive breakout to over $760 in 1980. The structure, rhythm, and compression pattern on Bitcoin’s chart suggest that a breakout could be imminent—and potentially just as dramatic as gold’s historic surge.
Although neither analyst has offered an exact price target, the sentiment is clear: Bitcoin is poised for a “legendary move.” This growing optimism is echoed by several other voices within the crypto community, who see Q4 as a possible inflection point for the digital asset.
Several macroeconomic factors are also converging to support a bullish outlook for Bitcoin. With central banks around the world grappling with inflation and the limitations of traditional monetary policy, decentralized assets like BTC are gaining renewed interest as alternative stores of value. Institutional adoption continues to rise, with major financial firms integrating crypto services and exploring spot Bitcoin ETFs, adding further legitimacy and liquidity to the market.
Additionally, Bitcoin’s halving event—scheduled for 2024—remains a critical catalyst. Historically, the halving, which reduces the supply of new BTC entering the market, has preceded major bull runs. With demand potentially increasing and supply tightening, the stage may be set for another significant price appreciation.
Furthermore, on-chain metrics suggest growing accumulation among mid-sized Bitcoin holders, often referred to as “whales.” This group has been steadily increasing their holdings, which analysts interpret as a vote of confidence in Bitcoin’s long-term prospects. Such behavior typically precedes upward price movements, as it reduces the amount of BTC available on exchanges for sale.
In terms of technical indicators, Bitcoin has recently bounced off strong support levels and is testing resistance near previous local highs. If it breaches these levels with high trading volume, it could confirm the beginning of a new bullish trend. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing signs of bullish divergence, further strengthening the case for an upward move.
Investor sentiment has also begun to shift. After months of cautious trading, fear and uncertainty are giving way to renewed optimism. Google search trends for “Bitcoin” and “cryptocurrency investment” have started to rise, which often correlates with increased retail interest—a factor that historically amplifies bull markets.
In conclusion, with expert analysts like Mattison and Merlijn pointing to historical parallels and bullish technical setups, Bitcoin appears to be entering a critical phase. Whether these forecasts come to fruition will depend on a variety of factors, including macroeconomic conditions, regulatory developments, and broader market sentiment. However, the convergence of technical, fundamental, and psychological indicators suggests that Bitcoin could indeed be on the cusp of its next major move—potentially rivaling the historic rallies of gold in the past. Investors, both retail and institutional, may want to pay close attention.