bullish

Bitcoin

when

Bitcoin’s performance against gold is signaling a potential downturn, according to historical resistance levels observed during previous bear markets. A recurring fractal pattern indicates a sharp price correction may be imminent for the leading cryptocurrency. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price = The Bit Journal" width="728" height="90" title="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price 59" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a> 
<h2 id="bitcoin-gold-ratio-points-to-possible-35-correction">Bitcoin-Gold Ratio Points to Possible 35% Correction</h2> 
Bitcoin, which has risen 132% in 2024, recently saw a 47% boost following Donald Trump’s election win in November. However, veteran analyst Peter Brandt highlights that Bitcoin’s price may face a steep drop based on its performance relative to gold futures. 
The Bitcoin-Gold ratio has reached a critical resistance zone between 34 and 37, historically associated with market peaks. This level coincides with the weekly RSI crossing above 70 into the overbought region, signaling potential overvaluation. 
<img loading="lazy" decoding="async" class="size-full wp-image-75660 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1.png" alt="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price = The Bit Journal" width="2048" height="1088" title="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price 60" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1.png 2048w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1-300x159.png 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1-1024x544.png 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1-768x408.png 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1-1536x816.png 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4ed-193e-7f10-aeea-647fd1857239-2048x1088-1-860x457.png 860w" sizes="(max-width: 2048px) 100vw, 2048px"> 
<h2 id="historical-trends-and-potential-implications">Historical Trends and Potential Implications</h2> 
Historically, the Bitcoin-Gold ratio’s resistance levels have aligned with significant corrections in BTC/USD. For instance: 
<ul data-spread="false"> 
 <li>In March 2024, Bitcoin peaked at $74,000 when the ratio hit the 34-37 zone, followed by a 33% price drop.</li> 
 <li>During the 2021-2022 bear market, BTC/USD fell by up to 75%, starting after Bitcoin reached its all-time high of $69,000 in November 2021, which coincided with the ratio hitting the resistance zone.</li> 
 <li>Similar patterns were observed during market peaks in December 2017 and June 2019, when Bitcoin’s RSI entered the overbought territory, leading to corrections of 85% and 72%, respectively.</li> 
</ul> 
<h2 id="key-insights-from-the-fractal">Key Insights from the Fractal</h2> 
This fractal reflects a common investor perception: Bitcoin is viewed as a speculative asset during bull markets, while gold serves as a safe haven in bear markets. When Bitcoin becomes overvalued relative to gold, investors tend to reduce their BTC positions, triggering significant price declines. 
<img loading="lazy" decoding="async" class="size-full wp-image-75658 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1.png" alt="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price = The Bit Journal" width="2048" height="1088" title="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price 61" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1.png 2048w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1-300x159.png 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1-1024x544.png 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1-768x408.png 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1-1536x816.png 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b4fc-5205-726c-be01-a3fcc3c74234-2048x1088-1-860x457.png 860w" sizes="(max-width: 2048px) 100vw, 2048px"> 
&nbsp; 
<h2 id="how-low-could-bitcoin-go">How Low Could Bitcoin Go?</h2> 
Historically, Bitcoin’s corrections from local peaks have often tested the 50-week EMA. In the current scenario, this suggests a potential drop to the $65,000-$69,000 range, representing a 30-35% decline from current levels. This scenario could unfold by early 2025. 
However, a breakout above $102,000—a key Fibonacci retracement level—could negate the bearish outlook and propel <a href="https://thebitjournal.com/willow-quantum-chip-uveiled-breaks-records/" target="_blank" rel="noopener">Bitcoin</a> toward $150,000, aligning with bullish predictions. 
<img loading="lazy" decoding="async" class="size-full wp-image-75656 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b50b-5d77-7a28-92e2-93247e143c17-768x408-1.png" alt="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price = The Bit Journal" width="768" height="408" title="Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price 62" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b50b-5d77-7a28-92e2-93247e143c17-768x408-1.png 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/0193b50b-5d77-7a28-92e2-93247e143c17-768x408-1-300x159.png 300w" sizes="(max-width: 768px) 100vw, 768px"> 
&nbsp; 
<h2 id="conclusion">Conclusion</h2> 
While Bitcoin has shown strong performance in 2024, its rising valuation against gold raises caution. Investors should closely monitor the Bitcoin-Gold ratio and other technical indicators to assess potential risks. For the latest updates and expert insights, follow The Bit Journal. 
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Warning: Bitcoin-Gold Ratio Suggests 35% Drop in BTC Price

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