🚨 Bitcoin is quietly gaining ground against GOLD.

Miller Cole of The Smarter Web Company says the BTC/XAU ratio has climbed to 18.55 ounces of gold per Bitcoin, up from around 15.3 ounces just one month ago. That’s roughly a 21% increase in Bitcoin’s relative value against gold.

The more interesting part?

BTC/XAU has moved back above its 50-week simple moving average — a level Cole considers a bullish technical signal.

For me, this ratio is worth watching because it removes some of the noise from the USD price. It asks a simple question:

Is Bitcoin becoming stronger or weaker compared with one of the world's oldest stores of value?

Cole expects BTC/XAU to make new highs during the current cycle, although he gave no specific target or timeline.

Now the real test is whether Bitcoin can hold above that 50-week average. 👀

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