Bitcoin Analysts Eye $112K as Trigger Level While Schiff Revives Gold-BTC Debate

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Analysts see Bitcoin’s path to new highs as a steady climb punctuated by healthy corrections, with $112,000 emerging as the level that could flip market sentiment.

At the same time, gold advocate Peter Schiff reignited his long-running sparring with Strategy’s Michael Saylor, questioning the liquidity of a Bitcoin treasury strategy compared to gold.

Analysts See Stair-Step Path Higher

Analyst James van Straten described BTC’s current setup as resembling gold’s rally in the early 2000s. He expects a “slow grind” higher, supported by ongoing ETF inflows, but tempered by 10–20% corrections along the way.

I believe Bitcoin's market structure has changed due to gold's repricing.

Gold surged over 600% in USD terms in the 1970s and 2000s, lasting a decade.

Gold is up 150% from its cycle low. I expect it continue to run stronger and longer than anticipated. Bitcoin will go through…
— James Van Straten (@btcjvs) September 28, 2025

Key Levels on the Bitcoin Chart

Michaël van de Poppe, founder of MN Trading, pointed to $107,000 as the area where dip buyers are likely to step in. More importantly, he flagged $112,000 as the level that could ignite broader risk-taking.

The chart still divides me on #Bitcoin.

However, sub $107K is a tremendous buying opportunity, in my perspective.

If we break the resistance at $112K, let's go, we're in full #Altcoin mode. pic.twitter.com/osEtrKfJcB
— Michaël van de Poppe (@CryptoMichNL) September 28, 2025

A decisive close above that threshold, van de Poppe argued, would signal strength and potentially mark the start of “altcoin mode,” a phase when capital rotation favors large-cap cryptocurrencies beyond BTC.

Schiff Challenges Saylor’s Bitcoin Bet

Meanwhile, the debate over BTC versus gold resurfaced when Euro Capital CEO Peter Schiff took aim at Michael Saylor’s Bitcoin-heavy treasury strategy. Schiff claimed that Bitcoin’s relative illiquidity poses risks for firms with massive holdings.

On paper, $MSTR has a "gain" of about 47% on its $47.33 billion Bitcoin purchase. But had @Saylor purchased gold instead, investing the same dollar amounts at the same points in time, his paper gain would be about 30%. That's not too significant of a difference. The more…
— Peter Schiff (@PeterSchiff) September 28, 2025

He argued that tens of billions in gold can be sold with minimal disruption, but trying to unload the same in Bitcoin could hammer prices and spark a cascade of selling.

BTC supporters counter that large positions can be unwound gradually or via over-the-counter (OTC) channels. Still, Schiff maintains that gold’s deeper market provides superior flexibility for institutional-sized allocations.

Outlook

With analysts mapping out a slow grind supported by ETF flows and Schiff sharpening the gold-versus-Bitcoin narrative, markets appear poised for pivotal moves.

Daily chart for BTC/USDT (Source: TradingView)

The $112,000 level now looms as a psychological and technical milestone that could shape not just BTC’s trajectory, but also the wider crypto landscape heading into Q4.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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