Bitcoin vs gold shows potential bottom signals as BTC bulls defend $70K
Technical indicators hint at a possible reversal in BTC’s relative performance, as traders watch whether key support levels can hold.
Bitcoin (BTC) has endured a 14-month bear market against gold, with the BTC/gold ratio and momentum indicators at historic lows that previously marked cycle bottoms.
Key takeaways:
The BTC/GOLD ratio is at historic lows as multiple indicators hint at a cycle bottom.