A classic picture of the transition of the macroeconomic cycle between gold and Bitcoin... $BTC x $PAXG

Gold (PAXG) is at extreme overbought levels: weekly RSI at ~84.90 and monthly at ~91.92 — levels historically associated with the end of parabolic moves and the beginning of distribution phases. This behavior usually marks the peak of a flight to safety cycle, when the market protects itself in conservative assets and, upon saturating this movement, begins to seek returns elsewhere.

Bitcoin (BTC), on the other hand, shows a completely different scenario: weekly RSI at ~53.90 and monthly at ~67.56, both well below the euphoria zones that characterize cycle tops (generally above 75 on the weekly and 80 on the monthly). These numbers indicate that BTC is still far from technical exhaustion, with structural space for significant appreciation before any signs of exhaustion.

This divergence between the two assets reveals an important dynamic: gold has already reached the top of the mountain while Bitcoin is still climbing. Historically, moments when precious metals reach RSI above 90 and Bitcoin is still below 70 mark the beginning of a liquidity migration from traditional assets to the crypto asset, initiating the final expansion phase of the BTC cycle.

If the pattern repeats, what we see now is not the end of the Bitcoin movement, but the beginning of its most explosive stretch — the one in which it tends to approach or even exceed the value of 1 kg of gold per unit, breaking the ratio of 0.0311 PAXG/BTC and consolidating digital dominance over physical gold.