For years, Bitcoin traders have watched its price relative to gold (XAU) for clues on when BTC bottoms in US dollar terms. But in 2026, that BTC-to-gold signal is starting to look less dependable. This week, the BTC/XAU ratio, or the value of Bitcoin versus gold, drifted away from its long-term “Power Law” trend for the first time in history, as highlighted by analyst Julius. A Power Law is a long-term trend curve that some analysts use to model Bitcoin’s growth path over time. In trading terms, it can flag potential overvaluation when the price stretches above the curve, and possible undervaluation when it slips ... (full story)