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BTC / GOLD ratio is breaking down
Seven consecutive red monthly candles
RSI collapsing toward the low 30s
Momentum shifting decisively in gold’s favor.
This is historic relative weakness
We’re now sitting near a key horizontal support zone around 12–13.
If that level fails on a monthly close, the next major support sits near the 8–10 range meaning further underperformance versus gold
For Bitcoin to reclaim strength, we need:
• A strong bullish monthly close
• RSI reclaiming 50+
• A higher low on the ratio
Until then, gold is winning the macro battle.