The Bitcoin/gold exchange rate has fallen below the support level maintained for 12 years
The current exchange rate of Bitcoin to gold has broken the upward trend line, a trend that has been maintained for over 12 years.
Prominent analyst NorthStar stated that if Bitcoin maintains below the gold trend line for a week or even a month, this breakthrough could signal the end of Bitcoin's 12-year bull market. Gold hit new highs while Bitcoin's upward trend cooled off. The drop in BTC/XAU ratio occurred as spot gold prices reached new highs above $3,000 per ounce on March 14th, having risen about 12.80% so far this year.
In contrast, Bitcoin, often referred to as digital gold, has fallen by 11% so far in 2025. According to data from the World Gold Council, as of March 14th, US spot gold ETFs have attracted more than $6.48 billion in inflows so far this year.
Globally, inflows into gold ETFs have reached $23.18 billion. Meanwhile, US spot bitcoin ETFs have seen nearly $1.46 billion outflows so far this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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