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Bitcoin-Gold Price Ratio's 10% Surge Greenlights Bullish Flag Pattern: Technical Analysis
The BTC-gold ratio increased by over 10% to 33.33 last week, marking its best performance in two months.
Updated Jun 30, 2025, 1:56 p.m. Published Jun 30, 2025, 11:20 a.m.
What to know:
- The BTC-gold ratio increased by over 10% to 33.33 last week, marking its best performance in two months.
- The rise in the ratio indicates BTC's outperformance relative to gold, breaking out from a bull flag pattern.
- The breakout suggests the ratio could climb to 42.00, surpassing the previous high of 40.73.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
The ratio between the per-piece dollar price of bitcoin and gold's (XAU) per-ounce dollar-denominated price rose over 10% to 33.33 last week, registering its best performance in two months, according to data source TradingView.
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The double-digit gain, representing BTC's outperformance relative to gold, marked a breakout from the bull flag pattern. The so-called flag breakout signals a continuation of the rally from lows near 24.85 reached on April 11.
A bull flag pattern is characterized by a sharp uptrend followed by a relatively brief counter-trend consolidation that usually refreshes higher, as is the case with the BTC-gold ratio.
The flag breakout is said to extend the upside by an amount equivalent to the magnitude of the initial rally. So, the ratio could rise to 42.00, topping the record high of 40.73 hit in December.
Previous uptrends in the ratio have been characterized by sharp upswings in BTC's dollar-denominated price, as observed in late 2024 and in April and May, rather than gold dropping more than BTC.
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XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
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- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
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