A veteran market analyst has flagged a technical sample that might sign a turning level for Bitcoin after months of underperformance versus gold. The transfer comes as merchants weigh whether or not the long term of positive factors for the yellow steel has uncovered limits in Bitcoin’s safe-haven story.
Bitcoin Versus Gold Ratio Down
The Bitcoin-to-gold ratio has plunged. It fell from 32 on Oct. 5 to about 20 right now, a drop of greater than 37%. In line with the info, meaning one Bitcoin purchased roughly 32 ounces of gold in early October however now buys about 20. The ratio’s slide has accelerated since gold’s rally took maintain and Bitcoin’s worth slipped under key ranges.
Each day readings level to a attainable change in momentum. On Nov. 21 the BTC/GOLD pair hit a low of 20 and the RSI stood at 21.30. A decrease low close to Dec. 1 got here with the next RSI low of 26.83. Then one other trough at 19 on Dec. 26 coincided with the next RSI low of 32.21.
That’s a sound bullish divergence on the each day timeframe for BTCUSD vs. Gold.
to see the place that leads us into 2026. pic.twitter.com/D6ei8HsIDy
Based on reports, Michaël van de Poppe called this pattern a “strong” bullish divergence on the daily chart, a setup traders watch because it can show selling pressure easing even as prices make new lows.
Technical Signals Show Cooling Selling Pressure
On the weekly chart the picture adds weight to the signal. The weekly RSI for the BTC/GOLD pair has sunk to about 31.85 at press time. That level was last seen during the November 2022 sell-off tied to the FTX collapse, a point that marked a bottom in that cycle.
Reports also link similar RSI lows to the bottoms seen in 2015 and 2018. Taken together, the daily divergence and the low weekly RSI make a stronger case that the downtrend may be losing steam, though nothing is guaranteed. Market Sentiment Splits Investors
Gold’s rally has been dramatic. Reports show gold surged by over 70% in 2025 while Bitcoin fell by 7% over the year in some measures. At press time Bitcoin trades at $87,750, down 4.8% year-to-date.
The breakdown in the Bitcoin-to-gold ratio and Bitcoin’s continued weakness below $100,000 have prompted fresh questions about the “digital gold” story as bullion posts historic gains.
Short-term money appears to favor gold for capital protection. Many traders are treating the metal as a shelter while it climbs to new highs. Long-term holders, however, still point to Bitcoin’s potential for big upside once risk appetite returns.
According to market watchers, the near-term outlook hinges on whether the BTC/GOLD ratio and price action deliver follow-through above key levels. Until that happens, signals will remain tentative.
Featured image from Unsplash, chart from TradingView
