Bitcoin Falls Below 12-Year Support Against Gold Amid Market Uncertainty

In Brief:

Bitcoin’s exchange rate against gold has broken below a 12-year upward trend line, signaling potential weakness.

Gold ETFs saw $6.48 billion in inflows, while Bitcoin ETFs recorded $1.46 billion in outflows in 2024.

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Bitcoin’s long-standing uptrend against gold has weakened as BTC falls below a key 12-year support level, raising concerns about a possible long-term trend shift. Analyst NorthStar warns that if Bitcoin remains below this level for an extended period, it could mark the end of its 12-year bull market.

Meanwhile, gold has reached new highs, attracting $6.48 billion in ETF inflows this year, while U.S. spot Bitcoin ETFs have lost $1.46 billion. The shift reflects growing macroeconomic uncertainty and a rise in risk-off sentiment, fueled by Trump’s aggressive trade policies and broader market volatility.

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