The value of Bitcoin is having difficulty gaining momentum, while gold is increasingly recognized as a superior safe-haven asset amidst ongoing trade uncertainties.
Bitcoin’s daily chart reveals a double-top formation. Meanwhile, gold has surged to unprecedented levels, bolstered by purchases from institutions and central banks.
Gold Outshines Bitcoin in Safe-Haven Status
Bitcoin (BTC) remains around $110,000, marking a 12% decline from its peak this year and indicating a technical correction phase. It hovers slightly above last week’s lowest point.
Conversely, gold has soared to an all-time high of $4,200 with a 60% increase this year. In comparison, Bitcoin’s growth is under 20%, widening the gap between these assets.
The disparity in assets managed by iShares Bitcoin Trust and SPDR Gold Trust continues to grow. IBIT manages $91 billion in AUM compared to GLD ETF’s over $138 billion.
This divergence was evident during Friday’s crypto market downturn when Bitcoin fell to $106,000 following Donald Trump’s proposed 130% tariffs on Chinese imports as gold prices surged further.
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The demand for gold persists among institutions and retail investors alike; central banks’ holdings have even surpassed the U.S. dollar for the first time since 1996.
Nonetheless, dismissing Bitcoin’s potential as a safe haven would be premature. Spot Bitcoin ETFs launched last January have seen inflows reaching $27 billion by 2025—totaling over $62.5 billion cumulatively so far.
Additionally noteworthy: Deutsche Bank forecasts that central banks will begin acquiring Bitcoins by 2030—a move expectedly boosting its valuation significantly despite being relatively new at less than two decades old compared against centuries-old reliance upon precious metals like bullion bars or coins minted out purest available forms thereof!
Troubling Signs Ahead For BTC Price Based On Technical Analysis
BTC price chart | Source: crypto.news
A review of recent days shows substantial declines affecting BTC pricing trends reflected via daily timeframe charts where it fell beneath key indicators such as moving averages spanning fifty-day periods alongside forming distinct double-top patterns whose neckline rests precisely atop September first lows recorded at approximately one hundred six thousand nine hundred seventy-eight dollars ($106978).
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