#BTCVSGOLD
$BTC hits the lowest level against Gold in the recent two years.
On the weekly timeframe, it hits the lowest RSI since the bottom of Bitcoin in 2015, 2018 and 2022.
On the daily timeframe, the bullish divergence remains valid, indicating that, even with the recent rise of Gold, a reversal on this chart is on the horizon.
That doesn't automatically imply that Bitcoin is going to the moon, it does imply that Bitcoin is likely yielding a better return than Gold.
Given that Bitcoin is more volatile than Gold, the only case to build is around a thesis that Bitcoin goes up and Gold consolidates.
BTC
88,431.67
+0.60%