Bitcoin / Gold — an important level has been reached.

The BTC / gold ratio has just touched

Fibonacci retracement level 78.6% —

the zone where a relative bottom was formed in the previous cycle.

📌 Historically, such levels:

• signal the exhaustion of the downward impulse,

• coincide with phases of extreme pessimism,

• precede a change in the relative trend.

⚠️ Important:

reversals do not happen instantly.

Bottom formation is a process,

often stretched over time,

with a series of false moves and tests.

When the market reaches such proportions,

it is usually closer to the end of the movement than to its beginning.

Ratios rarely lie.

They just require patience.

$BTC #GOLD