Gold vs. Bitcoin: BTC Eyes $140K as XAUUSD Holds Key Support

Bitcoin (BTC) price may gain further support as Standard Chartered becomes the first global systemically important bank to offer spot crypto trading through its UK branch. This move reflects growing institutional interest and adds legitimacy to the market. The ability for corporates and asset managers to access Bitcoin via a regulated platform boosts confidence and may attract new capital. As client demand increases and regulatory clarity improves, Bitcoin is likely to experience sustained upward momentum. The broader pro-crypto sentiment, including US political support and global banking adoption, strengthens the bullish outlook for bitcoin.

However, Bitcoin prices have pulled back after reaching a fresh high above $122,000 but remain within a strong bullish trend. Meanwhile, gold (XAUUSD) prices continue to consolidate in a range-bound market and appear ready to break higher. The gold-to-Bitcoin ratio shows that Bitcoin is currently at a pivotal level, suggesting the potential for another strong upward move.

Gold-to-Bitcoin Ratio Signals Potential for BTC Outperformance

The gold-to-Bitcoin ratio indicates that it has formed strong resistance at the long-term descending channel and is continuing to decline. The recent surge in Bitcoin above $120,000 has pushed the gold-to-Bitcoin ratio down toward the 0.2 level. The key pivotal support lies at 0.026. A break below this level could trigger another strong surge in Bitcoin.

The Bitcoin-to-gold ratio shows that the recent surge in Bitcoin has pushed the ratio toward the 35 level. A break above the 40 area in the ratio will likely initiate another strong rally in Bitcoin prices. The emergence of bullish price action in this ratio suggests that a breakout is likely, which would be a strong bullish signal for Bitcoin.

Bitcoin Technical Analysis

BTC Weekly Chart: $115K Breakout Eyes $140K Target

The weekly chart for Bitcoin shows that it has attempted to break above the $115,000 area. The emergence of a cup pattern followed by a descending broadening wedge, and the breakout above the $75,000 level, has triggered strong bullish momentum.

Last week, the price attempted a breakout above the $115,000 area and closed above the neckline. However, two consecutive weekly closes above this level are needed to confirm a strong breakout. A confirmed break above $115,000 would likely initiate a strong move toward $140,000 in the near term.

BTC Daily Chart: Ascending Broadening Wedge Formation

The daily chart for Bitcoin shows that the price is trading within an ascending broadening wedge pattern. A breakout above the $73,000 area is clearly observed, where an inverted head and shoulders pattern has formed with the neckline around the $105,000–$115,000 zone.

The price has recently broken above $115,000, and a correction is now underway. If the price falls below the $100,000 level, it could signal a false breakout and lead to further consolidation. However, another weekly close above the $115,000 area would likely extend the rally toward the $140,000 level in the near term.

Gold Technical Analysis

XAUUSD Weekly Chart: Sideways Consolidation Between $3,000–$3,500

The weekly chart for spot gold shows that prices are trading between the $3,000 and $3,500 range after peaking near $3,500 in 2025. This consolidation reflects bullish price action, and a break above $3,500 would likely trigger strong upward momentum.

As long as the price remains below $3,500, further consolidation is likely to occur. Any sharp moves may prove to be false breakouts. Despite the current range, the overall price action remains strongly bullish, as gold has broken above the key $2,075 and $2,800 levels.

Triangle Breakout Signals Bullish Continuation for Gold

The weekly chart for spot gold shows that it has formed a symmetrical triangle and an ascending triangle pattern over the past 15 years. A breakout from the ascending triangle triggered a strong surge in gold prices.

Currently, gold is consolidating at record levels above the $3,000 area. A break above $3,500 is needed to resume bullish momentum. The chart shows both symmetrical and ascending triangle patterns. An inverted head and shoulders pattern has also formed within the ascending triangle. These patterns suggest that gold prices remain strongly bullish.