Cryptocurrency Opinion & Analysis

Bitcoin-Gold Ratio at a Crossroads: Can It Break Out From Here?

 

XAU/USD
-0.07%

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Gold
-0.16%

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BTC/USD
-0.49%

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As the Bitcoin/Gold Ratio reaches 16.0, it calls up a crucial area, equivalent to two major inflection points in Bitcoin‘s past: The 2018 top and; the 2021 summer bottom.

What will it be this time? A major inflection barrier? Or an inflection breakout? I will combine additional Intermarket technical factors with our WBG to help us answer the question.

Bitcoin/Gold Ratio Chart

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