Is Bitcoin about to outperform Gold ? The potential Does exist

As we can see on this weekly Bitcoin XAUT Gold chart, BTC Ranges, pushes, ranges, pushes.

And the BTC PA is now on the line of support ir has strongly bounced off previously.
PA is also beginning to get Squeezed in the Pennant. The Apex is next year but I expect PA to break out of this this year.
It will be interesting to see what happens here this month and I do have Hopes that BTC will begin to outperform gold, certainly while PA pushes up off support and heads towards the upper trend line.

This idea is backed up with the weekly GOLD Chart below.


As we can see, Gold is up on the upper trendline and has hit the 2.768 Fib extension, Both of which are likely to be resistance.

We can also see how Oversold the Gold Weekly MACD is


There is a Strong likelihood that Gold will need to cool off, though we need to understand that MACRO events do control this, so a Drop is not guaranteed.

But I will be watching this CLOSE as The BTCXAUT pair is a much better Pair to watch than the BTCUSD.
Yjr reason being, while the $ looses Value, gains in the BTCUSD pair are Not as good as it may appear. Because you may gain in the number of $ you can get but each $ is worth less.
GOLD meanwhile, is rising in Value or not loosing as much when it ranges. Itis a STORE of Value and is internationally recognised and is politcay neutral.