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The BTC/Gold pair fell below the 12-year support level
BlockBeats News: On March 14, the current bitcoin exchange rate against gold fell below the ascending trend line, which had been maintained for more than 12 years. Well-known analyst NorthStar said that if Bitcoin holds below the gold trend line for a week or even a month, such a breakout could herald the end of Bitcoin's 12-year bull market. Gold hit new highs, while Bitcoin's uptrend cooled. The breakdown of the BTC/XAU ratio comes as spot gold reached a fresh high above $3,000 an ounce on March 14 and has risen about 12.80% so far this year. In contrast, Bitcoin, often referred to as "digital gold," is down 11% year-to-date in 2025. As of March 14, spot gold ETFs in the U.S. have attracted more than $6.48 billion in inflows so far this year, according to the World Gold Council. Globally, inflows into gold-backed ETFs reached $23.18 billion. And the U.S. spot bitcoin ETF has seen nearly $1.46 billion in outflows so far this year.