Bitcoin-Gold Price Ratio Surges Over 10% Amid Bullish Flag Breakout
Bitcoin (BTC) Outperforms Gold (XAU)
- The BTC to gold price ratio increased by over 10% to 33.33 last week.
- This marks the best performance in two months, indicating a breakout from a bull flag pattern.
- The bull flag typically follows a sharp uptrend, suggesting a continuation of growth.
- Potential upside target for the ratio is 42.00, exceeding the December record high of 40.73.
- Previous increases in the ratio correlated with significant BTC price rises rather than declines in gold prices.
