Bitcoin's 90-day correlation with gold has hit a six-year high, and Bitcoin is now just 3% away from flipping positive against the precious metal for 2026. The data points were highlighted in the latest “Chart of the Day” technical analysis segment from Bitcoin Magazine, in which presenter Sean breaks down the Bitcoin-to-gold chart, the string of higher lows formed since February, and a new high above 17.9 ounces.

Correlation at a Six-Year High

The segment opens with the observation that the 90-day correlation between Bitcoin and gold has reached its highest reading in six years, indicating that the two assets' prices have been moving in increasingly similar directions over the trailing three-month window. A 90-day correlation measures how closely two assets' price moves have aligned over that window, so a six-year high signals an unusually tight relationship by the standards of this pair.

Why Measure Bitcoin in Gold?

A central theme of the analysis is the case for quoting Bitcoin in ounces of gold rather than U.S. dollars. Because both assets are conventionally priced in dollars, measuring Bitcoin against gold is presented as a way to strip out the effect of dollar debasement and assess Bitcoin's performance in hard-asset terms. Read this way, the ratio works as a yardstick between the two assets: a rising reading means each Bitcoin buys more gold, while a falling one means it buys less.

Higher Lows and Higher Highs

On the BTC/gold chart, Sean identifies a sequence of higher lows dating back to February, paired with higher highs. Over this stretch, the ratio has climbed from 12.1 ounces to a new high above 17.9 ounces — a progression the segment's chapter list describes as a bullish setup. In technical-analysis terms, that combination — each pullback holding at a progressively higher level while rallies push to new highs — is the structure associated with an uptrend.

Key Levels: The 2026 Yearly Open and Beyond

The 2026 yearly open for the BTC/gold ratio stands at 20.3 ounces, a level the segment flags as a key reference for the year. Bitcoin sits just 3% away from flipping positive against gold for 2026. The next major resistance identified on the chart lies at 21.5 ounces of gold, corresponding to approximately $92,000. Together, these levels give chart watchers clear reference points for the rest of the year: the yearly open is the threshold for a positive 2026 in gold terms, and the 21.5-ounce level is the next obstacle flagged by the analysis.

Video Chapters

• 0:00 — Bitcoin-Gold 90-Day Correlation Hits a Six-Year High
• 0:35 — Why Measure Bitcoin in Gold? Stripping Out Dollar Debasement
• 1:20 — Higher Lows and Higher Highs on the BTC/Gold Chart
• 2:27 — From 12.1 oz to 17.9 oz: The Bullish Bitcoin Setup
• 2:53 — The 20.3 oz 2026 Yearly Open and the Levels That Matter
• 3:21 — Next Bitcoin Resistance: 21.5 oz of Gold (~$92K)

Disclaimer

The views and opinions expressed in the show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in the show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This article, “TECHNICAL ANALYSIS: BTC to Cross Key Price Level Against Gold, first appeared on Bitcoin Magazine and is written by Patrick Green.