After this round of market correction, Bitcoin dropped back to levels we last saw during summer 2024 when measured against gold. The decline was brutal - down more than 50% on the BTC/GOLD ratio from its peak earlier this year.

Here's what's interesting though: price just touched the 200-week moving average, and so far it's acting as solid support. That weekly 200MA has historically been a make-or-break level, and right now it's doing its job. Whether this floor holds could determine if we're looking at a bounce or heading lower.