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Gold is screaming to be long BTC once this BTC retracement is done.
The last time this happened was below in April. Gold had just made a huge move to the 3400-3500 area. During that same time, BTC retraced from 109k to 75k. The inflection point (noted below) was a positive divergence by BTC from risk assets. BTC then ran to new highs.
Current timing unknown. And maybe a different inflection point. We'll see.

Apr 21, 2025
This positive divergence by BTC should be jumping off the screen of any money manager with a pulse. Potentially historic. Let's see how it plays out.
Gold has been shouting from the rooftop to be long BTC once BTC starts to diverge from risk.
Continuing to watch a reclaim of 100k as opening the door to a new period of huge outperformance by BTC over gold and other assets.
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