Can Digital Gold Reclaim Its Topdog Status Over the Yellow Metal?

BTC has shown remarkable resilience compared to other risk assets during the recent market correction. However, it has sharply underperformed in comparison to traditional safe-haven assets like Gold. Despite this, with Gold now appearing overextended, could BTC resume its trend of outperformance that began in early 2023?

When analyzing the BTC/USD/Gold ratio, a key level to watch will be the 29/30 zone. This area marks the most recent weekly pivot highs, the 40-week average (approximately the 200-day SMA), and the prior uptrend from the 2023 low. A breakout above this level could signal a potential return to the relative highs seen in December 2024.