Gold vs Bitcoin: Bitcoin Drops Below $70,000 as Gold Ratio Rises

The emergence of bear flags multiple times after the peak of October 2025 indicates that the bearish pressure in Bitcoin prices has not yet finished. The Bitcoin price now enters the red highlighted zone which remains between the $60,000 and $65,000 levels. A further decline from the $60,000 level will take prices toward the $50,000 area, which is the strong long-term support area. Bitcoin Targets $50,000–$60,000 Support Zone Despite this strong drop in the Bitcoin market, the long-term support of the $50,000 to $60,000 zone keeps prices positive, as seen in the weekly chart below. The black trend line highlights this support, which is coming from the resistance of the March 2024 highs. This support coincides with the 200 SMA on the weekly chart.