Mike McGlone, senior commodity strategist at Bloomberg Intelligence, highlights a concerning divergence between Bitcoin<\/a> and gold<\/strong>. The BTC\/Gold ratio, which measures how many ounces of gold equal one Bitcoin, has reached historic highs<\/strong> before showing signs of technical weakness. McGlone identifies a key resistance<\/strong> around 30 ounces of gold per Bitcoin<\/a><\/strong>. A level that the market is struggling to sustainably break through.<\/p>\n\n\n\n This technical resistance coincides with a sentiment shift in traditional markets. Central banks have been massively accumulating physical gold<\/a> since 2022, with over 1,000 tonnes purchased in 2023<\/strong> according to the World Gold Council. This institutional demand firmly supports gold prices. Meanwhile, Bitcoin faces regulatory pressures<\/strong> and decreasing liquidity<\/strong> in crypto markets.<\/p>\n\n\n\n The critical support lies around 15 ounces of gold per Bitcoin<\/strong>, representing a potential 50% decline<\/strong> from recent highs. This zone also corresponds to Fibonacci retracement levels that have historically served as floors during previous Bitcoin bear markets<\/strong>.<\/p>\n\n\n\n