In the last two days, Bitcoin has formed what is known as a golden cross against gold – where the 23-day moving average crosses above the 50-day. It is not that unusual on traditional asset charts, but this crossover between Bitcoin and precious metal is rare and is usually seen as a big shift in current momentum.
Since the cross took shape, Bitcoin price has outperformed gold by 2.67%, with the BTC/XAU ratio now at 31.6. At the moment, one Bitcoin is basically the same as 31.6 ounces of gold. That is a notable move, even if it is still well below the all-time high of 41.074 set back in December 2024.
Right now, Bitcoin is trading at around $107,500, while gold is at $3,404 per ounce. This puts BTC close to its recent highs and makes it stronger compared to gold, which has been rather stable recently, though trading at an all-time high too.
Golden crosses do not always mean that prices will keep rising, but they do suggest that things might be changing. They often get the attention of both algorithms and traders who are making decisions about what to buy and sell.
This could be a sign that Bitcoin is becoming a popular choice again as a way to store value, especially when the markets are still figuring out where to put their long-term money. On the other hand, it can be an indicator that markets are turning the switch on for risk mode.
It is not the first time Bitcoin has gained momentum against gold, but this particular cross comes after a quieter stretch in the BTC/XAU pair. With the big economic picture still up in the air and investors switching between inflation, interest rates and geopolitical issues, these kinds of shifts tend to get noticed.
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