I see a lot of people commenting that Bitcoin might be approaching the bottom if measured against gold. It makes sense because when you compare the price of BTC with the price of gold, you can get a different perspective than just looking at the dollar.

The point is that this gold vs. Bitcoin metric might be signaling that we are in an interesting support zone. It’s not exactly an exact science, but it’s an angle that some analysts are using to better understand where we might be in the cycle.

It would be worth keeping an eye on this indicator, especially if you’re thinking about timing your entry. Of course, no one knows the real bottom, but comparing it with gold is a pretty different way to measure things.