The $BTC vs. $XAU chart is starting to show some interesting signals.
On the weekly timeframe, the RSI is still sitting in oversold territory, which historically has marked major turning points. Similar conditions appeared in 2015, 2018, and 2022, and each time it coincided with the market forming a bottom before reversing higher.
Zooming into the daily timeframe, momentum is beginning to shift. A bullish divergence has formed on the Bitcoin–Gold chart, suggesting that downside pressure may be weakening while momentum gradually builds for a move higher.
Another key development is that the ratio is now pushing above the 21-day moving average for the first time since the breakdown in October. If this strength holds, it could signal the early stages of a larger upward breakout, potentially unfolding in the coming week as momentum continues to build.