The good old debate between Gold (XAU) and Bitcoin (BTC) doesn’t seem to be going away. In early March, after the US-Iran escalation, Bitcoin began to outperform gold. It also rose to about $74,000, acting as a hedge during the country’s crisis.
But as we approach the end of the month and the end of the first quarter of 2026, Bitcoin is losing its charm.
Gold vs. Bitcoin: Analysis
At the time of reporting, the XAU/BTC chart was showing green candles on the 4-hour time frame, indicating that gold was outperforming Bitcoin again. At the same time, Bitcoin was struggling to stay above the important level of $67,000.
Looking back, one can see that at the beginning of this month, the chart went down a lot. This means that Bitcoin is doing much better than Gold. After that, both things moved sideways for a while, showing stability between them, but now things have changed.
However, it is important to note that this jump is small and does not represent a real change. That said, the RSI was also around 72, in overbought territory, which further confirmed the sentiment.
Bitcoin-Gold correlation hits bottom
At press time, the price correlation between Bitcoin and Gold stood at -0.47, meaning that both stocks are moving in opposite directions.
Therefore, according to the analysis of the chain, Bitcoin is still a risky commodity compared to gold.
Bitcoin’s long-time critic, Peter Schiff, echoed this statement, saying,
Schiff’s story was also supported by the stock market chart, which showed that Bitcoin was at number 12, while gold was at the top.
This comes as Bitcoin was trading at around $67,258, and gold was priced at $4,536 at press time.
However, when you get closer and look at the full moon, Bitcoin was like a ‘safe haven’ where gold was. to testify its worst five-day decline since 1983.
Therefore, as we move to Q2 of 2026, it remains to be seen whether the market is still divided or there is some consensus regarding the real concept of ‘safe space’.
Brief Summary
- The Gold vs. Bitcoin continues to evolve, as all economies show strength at different times under different market conditions.
- A negative correlation metric also confirms that both factors are not moving in the same direction.
