Bitcoin-to-gold ratio reclaims 200-day average for first time in 316 days
- —One bitcoin now buys 20 ounces of gold, up 64% from the March low
- —The three prior signals preceded 12-month BTC gains of 142%, 42% and 84%
- —The reversal came with 10-year Treasury yields at 5.31% and DXY near 102
- —Bitcoin is up 37% from its June low while gold has been flat
Why it matters: The signal points to a trend shift in BTC versus gold, though a sample of just three cases offers no guarantee of a repeat.
Source: BeInCrypto RU