Home
News
Details

BTC/Gold Ratio Hits 20 Ounces, a Critical Level Since Early 2024

iconCointribune
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$87,674.30-1.07%
The BTC/XAU ratio has fallen to 20 ounces of gold per bitcoin, a support level last seen in early 2024. Analysts are split, with some seeing it as a potential bottom and others warning of a new bear market. Weekly RSI and bullish divergence hint at a reversal, while the long-term trend shows a break. The next few weeks may confirm if this is a turning point or a consolidation phase near key resistance level.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.