Hey there, crypto enthusiasts! If you've been keeping a close eye on Bitcoin's rollercoaster ride, you must have noticed its intriguing dance with Gold. While Bitcoin and Gold haven't always been on the same wavelength, especially during market highs, a deeper dive into Bitcoin's price movements compared to Gold, rather than the USD, unveils a more comprehensive view of the current market cycle. Let's explore how analyzing Bitcoin's true purchasing power against similar assets can shed light on potential support levels and give us a hint that the bear market might be wrapping up.
Bitcoin Bear Market Officially Begins Below Key Support
The Turning Point: Breaking the Barriers
Picture this: Bitcoin took a significant hit when it dipped below the 350-day moving average, crossing the $100,000 mark and breaching the psychological barrier of six figures. This marked the official entry into bear market territory, causing a quick 20% drop. From a technical viewpoint, slipping under The Golden Ratio Multiplier moving average has traditionally signaled the start of a bear cycle. However, the plot thickens when we switch our lens from USD to Gold.
Bitcoin vs. Gold: A Tale of Two Charts
Comparing Bitcoin's performance against Gold paints a different story than when viewed through the USD lens. While Bitcoin hit its peak in December 2024, experiencing a 50% drop since then, the USD value peaked in October 2025, far below the previous highs. This divergence hints that Bitcoin might have been in a bear market for much longer than commonly believed. By examining past Bitcoin bear cycles in terms of Gold, we can spot trends indicating that the ongoing correction might be nearing crucial support levels.
Fibonacci Retracement: A Precise Tool
Instead of solely relying on percentage drawdowns and time frames, delving into Fibonacci retracement levels from various cycles offers more accuracy. By applying a Fibonacci retracement tool across historical cycles, we uncover fascinating points of alignment.
- In the 2015-2018 cycle, Bitcoin's bear market bottom coincided with the 0.618 Fibonacci level, around 2.56 ounces of Gold per Bitcoin.
- Transitioning to the 2018-2022 cycle, the bear market bottom almost perfectly matched the 0.5 level, approximately 9.74 ounces of Gold per Bitcoin.
- Currently, as we navigate from the previous bear market low to the current bull cycle high, the 0.618 Fibonacci level sits at about 22.81 ounces of Gold per Bitcoin, with the 0.5 level at 19.07 ounces, presenting a potential accumulation zone.
These Fibonacci levels from different cycles intersect, indicating critical price zones for Bitcoin. The 0.786 level from the current cycle translates to roughly 21.05 ounces of Gold or $89,160 for Bitcoin. The 0.618 level from the previous cycle aligns near $80,000. This convergence implies that a possible next technical target for Bitcoin could be around $67,000.
Conclusion: The Outlook
Bitcoin's bear market, when viewed against Gold, suggests a longer downtrend than USD analysis indicates. Historical Fibonacci retracement levels hint at potential support zones in the $67,000 to $80,000 range. While this analysis may not unfold with absolute precision, the alignment of multiple data points across different time frames and valuation frameworks implies that the bear market might be nearing its end sooner than expected.
Curious for more insights? Dive deeper into this topic by watching our latest YouTube video: Proof This Bitcoin Bear Market May Be OVER Already
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- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Legal – WSJ
How To
Gold IRAs: A Growing Trend
The gold IRA trend is growing as investors seek ways to diversify their portfolios while protecting against inflation and other risks.
The gold IRA allows owners to invest in physical gold bullion and bars. It can be used for tax-free growth and provides an alternative investment option for those concerned about stocks and bonds.
A gold IRA allows investors to manage their assets without worrying about market volatility. They can use the gold IRA to protect themselves against inflation and other potential problems.
Investors also get the unique benefits of owning physical Gold, including its durability, portability, flexibility, and divisibility.
Additionally, the gold IRA has many benefits. It allows you to quickly transfer your gold ownership to your heirs. The IRS doesn't consider gold a commodity or currency.
This means that investors who are looking for financial safety and security are becoming more interested in the gold IRA.
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By: Matt Crosby
Title: Why The Bitcoin Bear Market Is Nearing Its End: A Detailed Analysis
Sourced From: bitcoinmagazine.com/markets/bitcoin-bear-market-almost-finished
Published Date: Fri, 05 Dec 2025 14:16:24 +0000
