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Bitcoin vs. Gold.. Has the "Digital Gold" settled the battle in its favor?
Bitcoin continues to prove its relative strength against gold since the outbreak of the US-Iran conflict, as it has strengthened its position as a preferred hedge asset during crises.
Technical outlook on larger timeframes reveals strong positive indicators; the weekly MACD is heading toward a bullish crossover, while the Relative Strength Index (RSI) has begun breaking out of weakness zones and moving toward strength, reflecting increasing momentum in favor of Bitcoin against the yellow metal.
Despite this optimism, the $80,000 level remains the major and decisive obstacle; a rejection at this level could lead us back to forming a "double bottom" pattern, making this a pivotal moment to determine the next trend.
We are facing a real test of Bitcoin’s strength as a strategic alternative to gold in global portfolios.
Smart liquidity has started to choose its side.
The coming weeks will determine who will lead the financial scene.
Monitoring Bitcoin’s performance against gold is key to understanding the direction of "big capital" during times of geopolitical tensions.
I have simplified this technical conflict so that your next steps are based on solid foundations.
$BTC
#BitcoinETFOptionLimitQuadruples
#BitcoinSpotVolumeNewLow
#elaouzi