Chart of the day #XAU/#BTC


It shows how many #Bitcoin it takes to buy #gold
If the line goes down $BTC is outperforming $gold
If the line goes up Gold is outperforming BTC
Clearly the long-term trend is DOWN from 2011 to now
Gold massively underperformed BTC
However, each cycle shows a bounce in gold vs BTC
Then a weaker rally each time
First bounce: +190%
Next: +23%
Next: +2.7%
This is critical imo
Every gold outperformance vs BTC is getting weaker with the chart is showing
Lower highs & flattening curve
With each rally getting smaller the trend slope is flattening from steep to almost flat and this suggests:
Momentum of BTC dominance is slowing!
BTC-1,9%
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