Bitcoin has dropped to 20 ounces of gold for the first time since early 2024, signaling a potential shift from bull to bear market, according to analysis. Crypto trader Michaël van de Poppe predicts more upside for Bitcoin despite struggles against gold during Q4. Historical comparisons suggest a bullish divergence for BTC/XAU in the short term. The weekly RSI for BTC/XAU is at 29.5, reaching lows not seen in nearly three years, indicating a potential support break in the coming weeks. Wealthmanager warns that losing the 20-ounce mark against gold could lead to further consolidation or a break within the next few weeks. Trader Ted Pillows notes the loss of a 3-year uptrend for BTC/Gold, ending 2025 on a sour note for Bitcoin.

Read more at Cointelegraph: It’s Do or Die for Bitcoin Versus Gold