Bitcoin: BTC/Gold Ratio Hits Record Low

Bitcoin valuation versus gold has plunged to its lowest level on record, with the BTC/gold ratio versus global money supply also breaking below its long-standing 2-sigma band after liquidity drained into gold rallies and away from risk assets following the October market break.

Bitcoin now sits at perhaps its cheapest relative valuation in history, with fair value estimates pointing to $150,000-200,000 within the next 12 months as AI and IPO hype recedes and capital rotates back into crypto. BTC price prediction models and Bitcoin valuation metrics both flag the current dislocation as extreme.

Price action on the 4h chart shows BTC at $64994.3 inside the Bollinger bands with upper resistance at $65436.39, while the EMA50 at $64826.77 and EMA200 at $63942.58 act as layered support; the MACD golden cross at 5.14 keeps the structure bullish even as neutral RSI at 52.16 leaves room for continuation toward the upper band before any deeper pullback.