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Bitcoin Could be Setting Up to Beat Gold's Rally, Technical Analysis Suggests

Monero has shown a long-term bullish shift with a golden crossover, breaking out of a consolidation pattern.

Автор Omkar Godbole|Редактор Parikshit Mishra
Обновлено 15 апр. 2025 г., 9:15 p.m. Опубликовано 15 апр. 2025 г., 12:22 p.m. Переведено ИИ
gold bars (Philip Oroni/Unsplash+)
gold bars (Philip Oroni/Unsplash+)

What to know:

  • Gold has outperformed bitcoin over the past 12 weeks, but technical charts suggest this trend may reverse.
  • BTC may catch up with the gold rally in the coming days.
  • Monero has shown a long-term bullish shift with a golden crossover, breaking out of a consolidation pattern.

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

For the past 12 weeks, gold (XAU) has outperformed bitcoin in a race to draw bids, but this trend may be on the verge of reversing, according to technical charts.

This year, gold has surged 22% because of haven bids and arbitrage plays involving traders moving physical gold from overseas destinations to the U.S. to take advantage of premiums on Comex.

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Bitcoin, meanwhile, has dropped over 8%. That has led to over 25% slide in the bitcoin-gold ratio, representing the per unit USD price of bitcoin relative to the per ounce USD price of gold.

However, the downtrend, represented by trendlines drawn off Jan. 20 and March 3 highs, has been invalidated this week. The ratio topped the trendline over the weekend in a bullish breakout that suggests the cryptocurrency may not outperform gold, potentially catching up with the rally in the yellow metal.

The message is consistent with analysis by Theya Research's Joe Consorti, which shows bitcoin tends to lag gold by 100 to 150 days.

BTC/gold ratio. (TradingView/CoinDesk)
BTC/gold ratio. (TradingView/CoinDesk)

The trendline breakout is accompanied by the MACD's histogram's positive flip, signaling a bullish shift in momentum. The bullish crossover of the 5- and 10-day simple moving averages (SMA), seen in the lower pane, suggests the same.

XMR's golden cross

The outlook for privacy-focused monero appears constructive following the past week's sharp recovery from $165 to over $200 that left a "long-tailed" candle on the weekly chart, a sign of dip demand.

The token has broken out of a prolonged consolidation pattern, with the 50-week SMA moving above the 200-week SMA to confirm a golden crossover, an indicator representing a long-term bullish shift in momentum.

The immediate resistance is seen at $242, the February high, followed by $289, the April 2022 high, with support at $200 and last week's low of $165.

Monero's weekly candlesticks chart. (TradingView/CoinDesk)
Monero's weekly candlesticks chart. (TradingView/CoinDesk)v

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Ano ang dapat malaman:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro

Nicolas Maduro

The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.

Ano ang dapat malaman:

  • The U.S. captured Venezuelan President Nicolas Maduro and his wife after a brief military operation Saturday morning, according to President Trump.
  • Crypto prices suffered a brief, modest drop on the first reports of the military action, but have since recovered.