Analysis: BTC-to-gold price ratio breaks above 50-week moving average, one Bitcoin approximately equals 18.55 ounces of gold.

BlockBeats news, September 19 - Analyst Miller Cole stated that currently one Bitcoin is worth approximately 18.55 ounces of gold. At this time last month, one Bitcoin was only worth about 15.3 ounces of gold. This ratio has once again surpassed the 50-week simple moving average, indicating a bullish signal. The analyst believes that in the coming years, the BTC/XAU price will see significant new highs.