Bitcoin Surpasses Key Technical Milestone as Gold Falters

Bitcoin's recent surge past its 200-day moving average has provided a stronger technical foundation for its rally, according to analyst Katie Stockton. This milestone marks the end of a prolonged bottoming phase and sets the stage for further gains. Bitcoin is currently testing resistance between $80,500 and $83,000, with a decisive break above this range potentially confirming continued upward movement.

Bitcoin's momentum and institutional demand are driving its rally, with significant inflows into US spot Bitcoin ETFs supporting further gains. In contrast, gold's recent advance is seen as a countertrend move with less room to run due to a shorter base-building period and earlier downtrend start.