Bitcoin Long-Term Bullish as Gold Surges Past $3,400 Resistance — Investors Rotate Into BTC

COINOTAG reported on September 3 that Matrixport announced gold has decisively breached the $3,400 resistance level that constrained prices over the prior four months. The company highlighted that this advance occurred despite currently moderate currency issuance, underscoring renewed demand dynamics in the precious metals complex.

According to the post, institutional and forward-looking investors are reallocating capital into both gold and Bitcoin, reflecting dual allocation strategies between traditional safe-havens and digital assets. Matrixport’s summary notes that while Bitcoin remains in a consolidation phase, market participants maintain a constructive long-term stance.

Independent analyst Markus Thielen is cited for his measured outlook; the coverage frames these flows as tactical hedging and portfolio diversification rather than speculative excess, consistent with prevailing macro liquidity conditions reported in this crypto news update.