Bitcoin Has Been Gaining on Gold Since Mid-August. The pair sold off into August 13–17, then turned up and is holding near the recent high. According to the 10-hour $BTC / $XAUt chart, the ratio bottomed near the 288–292 area in mid-August and last printed about 394.5, after tagging a high near 404. That is a large relative move in five weeks. Dollar Bitcoin went from the June–August lows through $85,000 while gold cooled, and this pair is the result. Strength versus gold can lead the dollar chart. It does not replace $84,000–$85,000 in dollars. Key Details: > Mid-August low on this pair: about 288–292. > Recent high: about 404. > Last: about 394.5. > Window: mid-August through late September. Bitcoin buying more gold per coin is the relative bid. Hold the mid-August break and this pair stays in an uptrend. Lose that break and gold is catching back up. $BTC /GOLD: Mid-August Low Near 290, Last Near 394. Does Bitcoin beating gold change your dollar target, or do you still need $85,000 to hold first? #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Gold $XAUt