Bitcoin’s Golden Cross Against Gold

In the last two days, Bitcoin has formed what is known as a golden cross against gold – where the 23-day moving average crosses above the 50-day. This crossover, while not unusual in traditional asset charts, is rare between Bitcoin and precious metals, signaling a significant shift in momentum.

Since the crossover occurred, Bitcoin’s price has outperformed gold by 2.67%, with the BTC/XAU ratio now at 31.6. This means one Bitcoin is approximately equal to 31.6 ounces of gold, marking a notable move despite being below the all-time high of 41.074 set in December 2024.

Currently, Bitcoin trades at around $107,500, while gold stands at $3,404 per ounce. This positions Bitcoin close to its recent highs, showcasing its strength compared to gold, which has remained stable at its own all-time highs.

While golden crosses don’t guarantee continued price increases, they suggest potential changes. They often attract attention from algorithms and traders making buy and sell decisions. This could indicate a resurgence in Bitcoin as a value store, especially as markets navigate long-term investments amid economic uncertainty.

This isn’t the first time Bitcoin has gained traction against gold, but this crossover follows a quieter period in the BTC/XAU pair. Given the unsettled economic landscape, with investors concerned about inflation, interest rates, and geopolitical dilemmas, such shifts tend to be closely monitored.