BTC/XAU Ratio Signals Key Liquidity Shift: $90k on the Horizon?

The Bitcoin price has been consolidating below $90k, and experts are looking for a catalyst to push it higher. According to AMBCrypto, a key liquidity shift could be underway, driven by the BTC/XAU ratio.

A recent jobs report showed weaker-than-expected numbers, while the 10Y Note Yield struggled to hold its ground. The bond market is signaling caution, but analysts at the Kobeissi Letter note that Bitcoin's relevance on the macro level far from being over.

The BTC/XAU ratio has been pushing higher and is ready to break above a significant level, potentially triggering a rotation of liquidity from gold to Bitcoin. This could be the catalyst needed for a breakout, according to Jurrien Timmer, Director of Global Macro at Fidelity.