Gold and Bitcoin (BTC) are moving in opposite directions. This Monday, March 16, 2026, the precious metal ounce fell below $5,000, accumulating four consecutive days of bearish action. Meanwhile, Bitcoin has been in the green for eight days, with the price today reaching over $74,000.
The graph below shows the performance of both financial assets so far in March 2026.
“Gold is under pressure, falling this week as its safe-haven appeal is eclipsed by a stronger dollar,” investment firm OANDA Group said in a statement. In fact, the DXY index (which measures the dollar’s strength against other currencies) has risen almost 3% over the past 30 days.
And that partially explains Bitcoin’s rise. Digital currency has entered oversold levels (dropped to $60,000 on February 5, 2026) he is recovering from that. The same OANDA group claims that a recovery to the $78,000 per Bitcoin region is possible.
Combining these two behaviors, a valid hypothesis is that there is capital turnover, with investors who profited from gold near its all-time highs moving that money into Bitcoin.
Financial analyst and trader Michael van de Poppe has detected a technical signal underlying Bitcoin’s move against gold. He wrote on his social network account X:
After the bullish divergence was established, Bitcoin’s reaction to gold has been very positive. The trend is clearly in Bitcoin’s favor, with gold briefly falling below $5,000 and Bitcoin attacking $75,000.
Michael van de Poppe, financial analyst.
Van de Poppe added in another publication: Both assets exhibit an unusually strong inverse correlation: “Bitcoin has formed a engulfing pattern and is about to resume its bullish trend, but gold is clearly above these ranges.”
To an analyst who identifies himself as Ike Igwe on an internet forum, Signals go beyond technical analysis. “The upward trend in the Bitcoin-to-gold ratio is an important sign. Financial institutions are clearly changing hands, and gold falling below $5,000 while Bitcoin remains strong indicates risk appetite is returning,” he said.
There are also calls for caution. Not everyone interprets the divergence as the beginning of a tectonic rotation.
Investment manager Jean-Michel Rivera, for example, cautioned that relative movements do not mean permanent decoupling. “Gold’s drop below $5,000 as Bitcoin attacks $75,000 reflects a short-term movement of capital to faster assets, rather than a fundamental invalidation of gold’s role as a store of value,” he said.
Rivera added that bullish divergences are a technical observation and typically resolve through mean reversion once the current liquidity cycle peaks.
it’s worth clarifying that Van de Poppe himself clarified his short-term vision with a long-term perspective.“I think gold will reach over $10,000 in the next five years,” he said, noting that the current correction does not invalidate gold as a long-term store of value.
For now, What matters is whether Bitcoin can maintain its current levels and confirm the trend break. If the momentum continues, the rotation story will gain weight. If not, the move will be recorded as a rebound within a trend that is still trying to define direction.
As reported by CriptoNoticias this morning, potential US interest rate news accompanying Wednesday’s FED announcement (and subsequent Fed Governor Jerome Powell’s speech) will likely have a significant impact on Bitcoin prices this week.
