Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don't Mistake It For Gold

Group 1 - The core opinion presented is that while many investors see a strong correlation between gold and Bitcoin, Stockton believes they should be viewed differently, with gold acting as a portfolio diversifier and offering potential upside [1][2] - The S&P 500 has increased approximately 11% year-to-date and nearly 30% since its lows, with recent pullbacks considered healthy resets supported by the 20-day moving average [1] - Gold has broken above resistance, indicating about 4% further upside potential, and is increasingly viewed as a substitute for Bitcoin due to its low correlation with equities [2] Group 2 - Treasury yields are testing support near 4%, and a breakdown could lead to a cyclical downtrend towards 3.2%, suggesting a relatively strong fixed income environment compared to equities [2][3] - Bitcoin is in a long-term uptrend with support levels between $108,000 and $111,000, while short-term momentum is neutral; a target of $135,000 by early 2026 is set, contrasting with other analysts' predictions [4] - Ethereum has surpassed $4,000, indicating continued technical strength, while Dogecoin's breakout aligns with broader momentum signals, emphasizing the importance of technical momentum over fundamentals [5]