According to Michaël van de Poppe (@CryptoMichNL), Bitcoin valued against Gold is still approximately 30% below its 2021 all-time high, indicating that a major bull run in risk-on assets has not yet commenced (source: Twitter, April 27, 2025). This presents a significant perspective for traders, as the Bitcoin/Gold ratio can signal momentum shifts and potential upside for BTC if risk appetite increases. Monitoring this ratio is crucial for timing entries and exits, especially as Bitcoin approaches historically significant resistance levels.