Goldās been on a tear since August, while Bitcoinās been sliding since October like itās on a diet that hates carbs⦠and life. š¤·āļø This has left gold with all the power, and BTC? Well, itās basically the awkward cousin at a family reunion. Is this the new normal, or is BTC about to stage a comeback? Only time will tell-or maybe not, because markets are chaos. š
Gold Price Set To Reverse To At Least $4,000
On social media, people are arguing like itās a reality TV show. In the 8-hour chart above, thereās this āM patternā thing happening. If gold plummets back to $4,187 and breaks below, itāll drop to $4,000. Thatās a 9% reversal, which sounds terrifying until you realize itās just a minor setback. Goldās still got potential, though. Maybe itāll bounce back-unless itās just tired and wants to nap at $4k. š
In the grand scheme of things, this is a āmehā moment. Gold hasnāt had its āglow-upā yet, but a comeback is possible. Who knows? Maybe itās just having a bad hair day. šāļø
Is $3,600 Gold A Possibility?
Hereās the thing: thereās this āascending channelā on the weekly chart. If gold tests the top of it, it could hit $3,600. After its recent rollercoaster ride, this pullback would be⦠normal? No, just healthy. For gold. Not for my blood pressure. š¤Æ
BTC/Gold Drops Out Of Descending Channel
Now, letās talk about BTC. On the daily chart, BTC/XAU is in a descending channel, acting like itās in a downward spiral. The ratio recently fell out of the channel but found support at 24 ounces. Meanwhile, the Stochastic RSI is rising. Is this a sign of hope? Or just BTC gaslighting us again? š¤
An Unloved Bitcoin Could Be About To Outperform Gold
The weekly chart for BTC/XAU is wild. The horizontal support is near the 0.5 Fibonacci level. If BTC bounces here, it could flip the script. But if gold keeps ruling, BTC might drop to 21.25 ounces. However, the Stochastic RSI is hitting rock bottom, which usually means somethingās about to explode-like a comeback. š
Bitcoinās currently the āunlovedā kid at the party, with everyone predicting doom. But thatās when miracles happen. Contrarian vibes say BTC could outperform gold by year-end. Maybe. Or maybe itāll crash into a black hole. Either way, buckle up-itās going to be a ride. š¢
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2025-10-21 14:32