How Many Ounces of Gold Is 1 Bitcoin? Cyclic Bottom Zone On the BTC/XAU (Bitcoin / Ounce of Gold) chart, historical cycles are repeating. Following past sharp corrections of -84.10% and -77.14%, the subsequent bottom zones laid the foundation for new upward waves in the parity. Currently, as the price attempts to stabilize around the 16-ounce level, a -70.25% retracement from the peak is testing the major support near 12 ounces and a new bottom zone. If this level holds, it keeps alive the possibility of Bitcoin regaining value against gold. Do you think the BTC/XAU parity will rebound from this historic bottom zone and regain strength against gold? 👇 #Gold $Gold #Gold $Btc
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