Analysis: Bitcoin's price-to-gold ratio surged 10% last week, indicating a bullish market
2025-06-30 11:30:32
Last week, the BTC-to-gold ratio rose by more than 10% to 33.33, marking its best performance in two months. The rise in the ratio indicates that BTC is outperforming gold and breaking through the "bull flag" pattern. The so-called flag breakout indicates that BTC's rally since hitting a low near 24.85 on April 11 will continue. The bull flag pattern is characterized by a sharp uptrend, followed by a relatively short counter-trend consolidation that usually refreshes highs, as is the case with the BTC-to-gold ratio. Additionally, the uptrend also indicates that the ratio may climb to 42.00, surpassing the previous high of 40.73.
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