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- Bitcoin sits on key support versus gold and US ETFs
Bitcoin sits on key support versus gold and US ETFs
Bitcoin trades near multi year support against gold and near 85,000 dollars ETF cost basis.Your risk comes from support breaks, your upside from ETF flows and a rebound in US demand.
What we will talk about today...
Bitcoin RSI versus gold hits major support
85,000$ becomes ETF battleground for Bitcoin

BTC priced in gold sits in classic bottom territory on RSI while gold price stays near highs. You watch this ratio for early signs of rotation back into BTC.
[RSI near low]: Weekly BTC XAU RSI stands near 29, a zone that marked past cycle lows.
[20 ounce level]: The pair trades around 20 ounces of gold, a level linked to prior shifts between bull and bear phases.
"Gold looks overvalued, Bitcoin looks undervalued," said Michaël van de Poppe.
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85,000$ becomes ETF battleground for Bitcoin
BTC hovers near the average cost basis of US spot ETFs, so ETF flows gain extra weight. You monitor 85,000 dollars as a trigger for either deeper flush or new leg higher.
[ETF breakeven]: Price trades close to 85,000 dollars, the average entry for US spot ETF holders, which keeps many near breakeven.
[Weak US demand]: December shows net ETF outflows and a negative Coinbase Premium Index, so US buyers stay cautious on dips.
[Fragile floor]: Long term holders lock in profits and short term holders sell at a loss, so supply above 85,000 dollars stays heavy.
"Calling 85,000 dollars a firm floor is premature while US demand stays weak," said on chain analysts.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results

