Analyst: BTC/gold ratio rises to 18.55, returning above the 50-week moving average
Bitcoin treasury company The Smarter Web Company research and content analyst Miller Cole stated on platform X that currently 1 Bitcoin is approximately exchangeable for 18.55 ounces of gold, whereas a month ago it was about 15.3 ounces.
This Friday's Bitcoin price trend has pushed the BTC/XAU ratio back above the 50-week simple moving average, which is a bullish signal. It is expected that during this cycle in the coming years, the BTC/XAU ratio will reach new highs.
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