The post Bitcoin 30-Day Correlation To Gold Drops – Macro Shift Or Noise? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin saw a sharp reversal on Sunday, surging to $107,000 before retracing over 4% in just a few hours — a classic fakeout that has left the market shaken. The rejection at local highs has sparked debate among top analysts: some warn of a looming correction as BTC struggles to break into price discovery, while others remain bullish, expecting a breakout above the all-time high around $109,000. This volatility underscores growing investor uncertainty amid a lack of clear macro drivers. Glassnode data adds an interesting dimension to this setup: Bitcoin’s short-term correlation to gold has dropped to -0.54 over the past 30 days, the lowest since February. In other words, Bitcoin may be entering a unique phase where it trades more independently of traditional safe havens. As BTC consolidates around key levels, the coming days could bring heightened volatility and critical price action. The market now watches closely to see if bulls will reclaim momentum — or if a deeper correction is on the horizon. Bitcoin Support Faces Pressure As Correlation With Gold Hits Low Bitcoin is currently navigating a critical zone, with bulls urgently defending the $100,000 mark to maintain bullish momentum. After briefly touching $107,000 over the weekend, BTC experienced a sharp 4% retrace, signaling growing indecision and sparking a wave of concern among investors. The price now hovers near key short-term support, and while the long-term structure remains bullish, failure to hold $100K could trigger further downside into lower demand zones. Despite the sell-off, many traders believe the path forward still holds upside potential. Liquidity clusters remain just above the $105,000 level, and a breakout above this region could ignite a rally into new all-time highs near $109,000. However, the lack of follow-through following Sunday’s…

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Filed under: News - @ May 19, 2025 10:23 pm