List of Flash News about Gold Ratio
Time | Details |
---|---|
2025-07-05 09:18 |
Bitcoin (BTC) vs. Gold Ratio Flashes Major Bull Signal, But Dollar Index 'Death Cross' Poses a Risk for Traders
According to @rovercrc, the Bitcoin-to-Gold price ratio (BTC/XAU) is showing a strong bullish signal for traders after surging over 10% last week to 33.33, marking a breakout from a bull flag pattern. This technical analysis suggests a continuation of the rally, potentially pushing the ratio to a new record high of 42.00, a move historically driven by sharp increases in Bitcoin's price. However, traders should exercise caution due to a conflicting signal from the U.S. Dollar Index (DXY). The DXY's weekly chart is approaching a 'death cross' (50-week SMA crossing below the 200-week SMA). While typically a bearish indicator, the source notes that for the DXY, this pattern has historically been a 'bear trap' that signals a bottom followed by a strong rally in the dollar. A resurgent dollar could create significant headwinds for Bitcoin's price appreciation. |