🔥 $BTC Did it just throw gold away again? This indicator is back above a key line!
Now 1 BTC can be exchanged for about 18.55 ounces of gold, whereas a month ago it was only 15.3 ounces. More importantly, the BTC-to-gold ratio has returned above the 50-week moving average, indicating that Bitcoin’s performance relative to gold has strengthened noticeably over this period.
Simply put, market capital’s interest in BTC is heating up again. If this ratio can keep holding above the level, BTC’s relative strength versus gold may have further room to continue. 📈#比特币突破8万美元大关
Now 1 BTC can be exchanged for about 18.55 ounces of gold, whereas a month ago it was only 15.3 ounces. More importantly, the BTC-to-gold ratio has returned above the 50-week moving average, indicating that Bitcoin’s performance relative to gold has strengthened noticeably over this period.
Simply put, market capital’s interest in BTC is heating up again. If this ratio can keep holding above the level, BTC’s relative strength versus gold may have further room to continue. 📈#比特币突破8万美元大关
