BTC/XAU reclaims 50-week average: 1 BTC buys 18.55 ounces of gold
- —1 BTC trades for 18.55 ounces of gold versus 15.3 a month ago
- —The BTC/XAU ratio gained about 21% over the month
- —BTC/XAU has recovered above its 50-week moving average
- —The analyst expects a new BTC/XAU high this cycle without specific targets
Why it matters: BTC/XAU recovering above its 50-week average signals bitcoin's relative strength against gold, though the indicator is considered lagging.
Source: TokenPost