This is a daily technical analysis by Coindsk analyst and omkar Godobile legal technician.
The ratio between the price of the dollar per piece of bitcoin
Gold (Shaw) The price of the dollar increased for each ounce more than 10 % to 33.33 last week, as it recorded its best performance in two months, according to the TRADINGVIEW data source.
The two numbers gain, which represents the outstanding BTC performance for gold, is the outbreak of the bull science style. The so -called flag collapses indicates a continuation of the gathering from its lowest levels near 24.85 reached on April 11.
The bull science style is characterized by a sharp upscale application followed by a relatively brief monotheism that usually reinforces higher, as with the BTC-Gall ratio.
It is said that the outbreak of science provides the upward trend to the equivalent of the size of the initial gathering. Therefore, the ratio can rise to 42.00, as it leads the record of 40.73 in December.
The previous rise in the ratio was characterized by the sharp rise in the BTC price offered in dollars, as it was observed in late 2024 and in April and May, instead of the decrease in gold more than BTC.
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