Will Bitcoin’s Glitter Fade in Favor of Gold Again? 🤔✨

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Ah, the eternal ballet of shiny objects: Bitcoin, that digital darling, continues its dubious dance around the $112,000 summit, only to stumble back into earthbound despair; meanwhile, gold—old, gold—decides to put on its best bullish mask, breaking free from a humble flag of patience. The two titans of treasure are lockstep in their cosmic tug-of-war, vying for the crown of ah, true safety, or so they claim. 🎭

$BTC Makes a Last-ditch Attempt to Break Free from Its Falling Wedge

In the short-term opera of charts, our dear $BTC might just have mustered a breath of upward air. The fatally imperfect falling wedge—more like a paper plane than a missile—is hinting at a breakout, if our bullish heroes can push past the resistant $105,500. A triumphant leap might send the coin soaring back into bullish splendor; a slip, however, could have it tumbling down to the $102,000 deep, like a souffle collapsing at the last moment. 🥐

$BTC Weekly Woes: A Sad Overture

Yet, alas, the weekly score reveals a different tune—a breakdown below the ascending trendline, now officially confirmed as a quite disheartening event. The cross of despair in the Stochastic RSI casts shadows, making our coin’s future look about as bright as a candle in a tornado. But hope persists: support at $104,000 and $102,000 stands firm, like a brave knight in shining support. Should these hold, a rabid catalyst might revive $BTC’s bullish romance, sending it back to its legendary all-time high—and perhaps, convincing the RSI to stop sulking. 🎢

Gold Strikes Out—In a Good Way

Meanwhile, antiquity’s shining champion, gold, is staging its own mini-revolution. Since the majestic peak on 22 April, hitting $3,500, gold has been lounging sideways, weaving a bull flag in protest. Sensational Monday’s breakout is as inevitable as Sunday after Saturday—the measured move aims at around $3,700, promising shiny riches ahead. 🏅

Bitcoin vs. Gold: A Reversal in the Making? 🤨

The weekly chart of $BTC versus gold whispers that gold’s time in the limelight is creeping back—like a mischievous rerun that everyone secretly enjoys. The 38% rally of $BTC against gold has hit a resistance wall at 32 ounces, and this week’s candle—looking as glum as a Tuesday—broke below the trendline, hinting that gold’s renaissance might just be underway. The Stochastic RSI indicates a cross downward—gold’s subtle way of saying, “Come back to me, darling.” 💁‍♀️

Looking forward, the game plan hinges on how far this correction might go. If $BTC/XAU dips below its previous swing low, it’s probably hugging a downtrend tighter than a conspiracy theorist with his tinfoil hat. But if it can cling onto 25 ounces of support—like a cat on a windowsill—the trend grimly favors a bullish Bitcoin comeback. 🧗

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2025-06-02 12:40