NEW: One Bitcoin Now Buys 18.55 Ounces of Gold That is a 21% gain versus gold in a month. The ratio also took back its 50-week average. According to the $BTC /$XAUt print, the ratio is 18.55. A month ago it was about 15.3. Bitcoin bought more gold even while dollar Bitcoin chopped in the $76,000–$80,000 range. The 50-week moving average is back underneath the ratio. That is the same line that capped the pair earlier in the year. Key Details: > BTC/gold: 18.55 ounces per Bitcoin. > One month ago: about 15.3 ounces. > Change: about +21% in Bitcoin’s gold buying power. > Status: ratio has regained the 50-week moving average. Gold’s slide after the inflation prints helped this ratio as much as Bitcoin’s rebound did. Dollar Bitcoin still has $82,000 overhead. Strength versus gold can lead. It does not replace a weekly close through that dollar level. BTC/Gold at 18.55 oz, +21% in a Month, Back Above the 50-Week Average Does the gold ratio reclaim change your Bitcoin view, or do you still wait for $82,000 in dollars? #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XAUt