Bitcoin's Bear Market Is Over? Strive CEO Says the Double Breakout Says Yes

What if we've been watching the wrong chart this whole time?

JUST IN: Strive CEO Matt Cole says Bitcoin's bear market is over. Not because of one big green candle. Because of two breakouts in the same week. Bitcoin broke against the US dollar. And it broke against gold. Two separate markets. One loud signal.

The Data That Started It

Let's get into the numbers. We're not talking about a single spike. We're talking about the BTC/gold ratio turning up at the same time Bitcoin's dollar price cleared resistance. That's two major assets agreeing at once.

Cole's argument is simple. At recent inflection points, the BTC/gold ratio turned before the dollar price caught up. That leading signal just fired. In seven days. If the pattern holds, the dollar chart is about to play catch-up.

That's not a coin flip. That's a pattern.

Why This Actually Matters

Here's the thing. Bitcoin's dollar price is what everyone watches. But gold is the real comparison for value. When Bitcoin starts outperforming gold, that tells you something bigger is happening. Store of value narrative. Institutional demand. The whole reason people hold BTC in the first place.

Cole says the next cycle will be the strongest Bitcoin has produced. That's a massive call. But he's not just throwing spaghetti at the wall. He's reading the ratio. And the ratio just flipped.

This changes things.

What Traders Are Watching

According to Cole, the bear market is done. Traders are watching closely. The market's verdict: this breakout has room to run.

But let's be honest. We've heard "the bear market is over" before and got burned. What's different this time? The BTC/gold ratio turned first. That's the leading indicator. If it stays turned, the dollar price follows.

And look, there's risk. If the ratio rolls over in the next few weeks, this was a fakeout. Cole's betting that doesn't happen. So are a lot of traders right now.

What's Next for Bitcoin

So what do we watch now? The weekly close. Bitcoin needs to hold above the breakout zone. Then watch gold. If the BTC/gold ratio keeps climbing while gold stalls, that's confirmation.

The real test comes at the next Fed meeting. That's when the dollar gets a fresh catalyst. If Bitcoin holds its ground through that, Cole's thesis gets stronger.

How many times have we seen this movie end in tears? A lot. But this time the signal is earlier than the price. That's exactly what you want to see at a cycle turning point.

Cole's not saying it'll be a straight line up. He's saying the bear market is over. That's a bet worth watching.