November 5, 2024
Providing an update on the Bitcoin-to-gold ratio—a chart I developed to guide investment decisions between Bitcoin and gold. The current ratio, around 25.912, indicates the ounces of gold needed to buy one Bitcoin. Recent price action shows Bitcoin dipping below this key level, though it remains above the rising 50-week moving average, signaling continued trend strength. I'll monitor for sustained higher highs and lows on the weekly chart to further confirm Bitcoin’s trend.
