Bitcoin looks strong again. After recovering from the drop to $60,000, BTC began to outperform traditional markets.
The measure was too small. However, it was enough to revive the Bitcoin vs. Gold debate. Is Bitcoin Quietly Preparing for Another Streak of Outperformance?
Bitcoin regains strength against traditional markets
Bitcoin regained momentum on March 11. The king currency once again surpassed $71,700 and outperformed both gold and the S&P 500.
Since the crash on February 24, Bitcoin has gained around 13.2% in two weeks. Gold rose about 1.6%, while the S&P 500 fell slightly.
This gap suggested that money was flowing back into cryptocurrencies. As a result, Bitcoin stopped looking weak and started to stand out again.
Meanwhile, the Iran-Israel-US conflict added pressure on global markets. Gold often benefits from that type of fear. However, this time Bitcoin moved faster as traders rushed to acquire assets that remain active 24 hours a day.
BTC/Gold chart hints at cycle bottom
The monthly chart of Bitcoin versus gold showed a clear pattern once again.
For context, in 2018, Bitcoin took 12 months to bottom against gold, while in 2022 it took 13 months.
Tracking the current cycle suggested another slow reset. If BTC/Gold bottomed last month, then the 2026 cycle took approximately 14 months to reach a bottom.
Meanwhile, the monthly RSI bounced off a key support zone. In particular, that same level marked the bottom of the previous cycle.
This was important because the correction became longer with each cycle. However, that did not weaken the signal. It only suggested that larger capital was moving more slowly than before.
Therefore, the setup seemed familiar. Bitcoin had spent months bleeding against gold, and that pain may have finally reached exhaustion.
Final summary
- Data from Santiment shows that Bitcoin has already started to regain strength from gold and stocks.
- The BTC/Gold chart suggests that the market may have started another major rotation.
