Bitcoin Seen Grinding Higher with Pullbacks; $112K Flagged as Key Altcoin Trigger – 29/9/2025

Analysts are forecasting a slow, steady climb for Bitcoin, while highlighting key levels that could signal a broader altcoin rally. Meanwhile, gold advocate Peter Schiff has reignited the gold-versus-Bitcoin debate 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 gradual, stair-step advance supported by steady ETF inflows, with intermittent 10–20% pullbacks. He likened the pattern to gold in the early 2000s, which experienced multi-year gains interspersed with healthy corrections.

“In some periods, Bitcoin may lag gold, and in others it may outperform, but over a full cycle, it could lead in total returns,” van Straten noted.

Michaël van de Poppe focused on near-term price levels. He identified sub-$107,000 as a key buy zone, signaling where dip buyers may enter. Van de Poppe also highlighted $112,000 as a critical ceiling—breaking and holding above this level on UTC closes could confirm strength and expand risk appetite, often triggering flows into larger altcoins, a phase he calls “altcoin mode.”

Meanwhile, Euro Capital CEO Peter Schiff criticized Michael Saylor’s Bitcoin strategy by contrasting it with a hypothetical gold program. Schiff argued that liquidity is a key differentiator: tens of billions of dollars in gold could be sold with minimal market impact, while liquidating a comparable Bitcoin position could depress prices and trigger copycat selling.

Bitcoin supporters counter that large exits could be executed gradually through over-the-counter channels, but Schiff’s point underscores gold’s deeper market capacity, offering greater flexibility for ultra-large holders.