Gold’s been on a tear since August, while Bitcoin’s been sliding since October like it’s on a diet that hates carbs… and life. 🤷♂️ This has left gold with all the power, and BTC? Well, it’s 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. 😂
Gold Price Set To Reverse To At Least $4,000
On social media, people are arguing like it’s a reality TV show. In the 8-hour chart above, there’s this “M pattern” thing happening. If gold plummets back to $4,187 and breaks below, it’ll drop to $4,000. That’s a 9% reversal, which sounds terrifying until you realize it’s just a minor setback. Gold’s still got potential, though. Maybe it’ll bounce back-unless it’s just tired and wants to nap at $4k. 🛌
In the grand scheme of things, this is a “meh” moment. Gold hasn’t had its “glow-up” yet, but a comeback is possible. Who knows? Maybe it’s just having a bad hair day. 💁♀️
Is $3,600 Gold A Possibility?
Here’s the thing: there’s this “ascending channel” 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. 🤯
BTC/Gold Drops Out Of Descending Channel
Now, let’s talk about BTC. On the daily chart, BTC/XAU is in a descending channel, acting like it’s 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? 🤔
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 something’s about to explode-like a comeback. 🚀
Bitcoin’s currently the “unloved” kid at the party, with everyone predicting doom. But that’s when miracles happen. Contrarian vibes say BTC could outperform gold by year-end. Maybe. Or maybe it’ll crash into a black hole. Either way, buckle up-it’s going to be a ride. 🎢
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2025-10-21 14:32