Copper/Gold Ratio has climbed back above its 200-day moving average 📈
🔄 In previous cycles, similar breakouts came before major $BTC rallies in 2013, 2017, and 2021.
📊 The ratio has rebounded 25% from recent lows, while its 1-year correlation with Bitcoin sits at 0.617. The 90-day correlation is also strengthening, signaling better alignment between macro risk sentiment and crypto markets.
The move points to improving risk appetite across markets and suggests the current crypto recovery could still be in its early phases.
Still, uncertainty remains across global markets, so caution is warranted. Always do your own research ⚠️