If you see Gold prices moving and making all time high but bitcoin is not following it, then we need to understand that Bitcoin will follow the Gold and also the M2 Money supply. Both Gold and M2 money are at all time high and bitcoin will follow it. So, no one should remain in any sort of ambiguity that Bitcoin will remain suppressed. However, it is not possible for Bitcoin to surpass gold at the moment and there is a lot of difference between the marketcap. Gold marketcap is around 22 trillion while Bitcoin marketcap is only around $1.8 T.
Bitcoin is not following gold because they are not the same. Gold is a safe haven while bitcoin is a speculative asset so they tend to move in opposite directions, rarely rising together.
I hear a lot of people discussing the M2 money supply increasing and that is good for risk assets like bitcoin. This has happened in the past but we need to be aware that if M2 increases rapidly it can cause inflation and the Fed will reduce liquidity and tighten monetary. That could have a negative impact on bitcoin, so don't rely too much on M2 and consider it a reliable indicator to predict bitcoin's trend.
As for whether bitcoin will overtake gold? That is unlikely because a speculative asset cannot overtake a safe haven.