## Bitcoin reaches a critical level against gold: rebound or deeper decline?

The Bitcoin to gold ratio (BTC/XAU) has hit a new bottom at 20 ounces of gold per bitcoin, reproducing a support level that was already seen at the beginning of 2024. With Bitcoin trading at $87.35K, this movement reopens the debate about the market's direction in the coming months.

**The technical scenario is under tension**

Weekly charts show mixed signals that keep traders alert. The weekly RSI indicates a convincing bullish divergence, suggesting that despite new price lows, selling pressure may be waning. At the same time, the break of the long-term trend indicates that the pattern dominating for months is fragmenting. These hits in 2024 are no coincidence: they represent moments when the market tests its true structural resistance.

**Market divided between hope and caution**

There is no consensus in the analysis. Some traders interpret this support level as a possible rebound base, arguing that the technical divergences are signs of exhaustion in the bearish move. Others maintain a more cautious stance, warning that a definitive break of this support could open the door to a more pronounced bear market, taking the BTC/XAU ratio into uncharted territory.

**Consolidation or turning point?**

The coming weeks will be decisive. If Bitcoin manages to recover from this critical level, it would confirm the reversal suggested by technical indicators. Conversely, if it fails to hold this support floor, we could see an extension of the bearish move with significant implications for both asset classes. What happens here will be a key reference for understanding the market's direction in the medium term.