Bitcoin’s Relative Weakness Signals a Key Market Phase

  • Bitcoin nears historic oversold levels, signaling potential accumulation phase.
  • Gold outperforms with record highs, maintaining its role as a safe-haven asset.
  • Ricardo Salinas forecasts Bitcoin at $1.5M to match gold’s $30T market cap.

Bitcoin’s comparative performance against gold has drawn attention following technical data that show oversold levels have been seen over the past decade. According to historical analysis shared by market analyst Crypto Rover, the Bitcoin-to-gold (BTC/XAU) ratio shows cycle patterns that align with Bitcoin halving events, which often precede major bull markets.

The chart covering the period from 2012 to 2025 shows three distinct phases, 2013, 2017, and 2021, during which Bitcoin outperformed gold. These cycles were followed by corrective phases, as observed in 2018, 2022, and mid-2024, during which gold temporarily regained strength.

Source: X

The lower indicator on the chart, a Z-Score metric, currently shows near-historic lows, suggesting Bitcoin could be entering another accumulation phase. Analysts consider these levels as early signals of possible trend reversals, consistent with previous long-term recovery cycles observed in the BTC/XAU ratio.

Bitcoin’s Market Performance Reflects Short-Term Pressure

Bitcoin (BTC) traded at $106,855 at the time of writing, registering a 0.36% daily gain but remaining under pressure after a 5.40% weekly and 8.23% monthly decline. Despite short-term volatility, the cryptocurrency has maintained a 25.46% rise over the past six months and a 14.51% year-to-date increase.

Related: BTC/XAU Chart Breaks Down as Gold Hits Record, Despite Billionaire Salinas’ $1.5M BTC Call

Over 12 months, BTC has advanced 58.61%, with a five-year gain of 840.66%, supported by ongoing institutional demand and ETF inflows earlier in 2025.

Gold Maintains Strong Uptrend as Investors Seek Stability

Gold (XAU) pulled back to $4,253.97, down 1.67% over 24 hours, after reaching a new record high of $4,380. The metal continues to outperform most asset classes in 2025, posting a 62.05% year-to-date and 57.96% annual rise.

Related: Digital Gold vs. Real Gold: Bitcoin’s Volatile Rally Closes In on $3.5K+ Gold

Over the past month, gold gained 16.24%, while its six-month performance rose 27.66%, reflecting ongoing demand from investors amid global uncertainty. The five-year return of 123.97% affirms gold’s status as a key hedge during volatile economic periods.

Salinas Pliego Projects $1.5M Bitcoin to Match Gold’s Value

Adding to market discussions, Mexican billionaire Ricardo Salinas Pliego estimated that Bitcoin must rise 14 times to reach the same level as gold’s $30 trillion market capitalization. With BTC currently at $106,855, Salinas’s projection places the level target at $1.516 million per coin, a figure he believes could emerge within the next 12 months.

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Source: https://coinedition.com/bitcoin-nears-oversold-territory-as-gold-hits-record-highs-amid-1-5m-btc-parity-bet/