Bitcoin is still facing resistance on its long term chart, with the 150 week moving average capping upside and $59,000 standing out as the next key support. At the same time, the $BTC Gold ratio has reclaimed its 50 day average, which suggests Bitcoin may be starting to regain relative strength.
Bitcoin faces resistance at 150 week SMA as $59,000 support comes into view
A chart shared by More Crypto Online shows Bitcoin trading below its 150 week simple moving average, which is currently acting as resistance. The chart also places the next major support at the 200 week SMA near $59,000, making that level a key area if weakness continues.
Bitcoin Weekly Moving Averages. Source: More Crypto Online
Moreover, the broader trend still shows Bitcoin holding above longer term moving averages such as the 250 week, 300 week, 350 week, and 400 week lines. That matters because those averages continue to slope upward, which suggests the larger market structure remains intact even as Bitcoin faces short term pressure.
For now, the setup shows a market testing an important resistance barrier rather than breaking into a fresh upside move. Therefore, the 150 week SMA remains the main ceiling, while the 200 week SMA near $59,000 stands out as the next support level traders may watch if Bitcoin moves lower.
Bitcoin-Gold ratio reclaims 50 day average in possible strength signal
A chart shared by Ted Pillows shows the $BTC to Gold ratio moving back above its 50 day simple moving average for the first time since October 2025. Earlier rallies into that line ended in rejection, but the latest move shows the ratio reclaiming it instead, which points to a possible shift in relative strength.
Bitcoin Gold Ratio Reclaims 50 Day SMA. Source: Ted Pillows
Moreover, the chart suggests Bitcoin is starting to outperform Gold after months of weakness in the ratio. That matters because the $BTC Gold pair tracks whether Bitcoin is gaining value faster than Gold, rather than simply rising in dollar terms. A reclaim of the 50 day average can signal that momentum is turning in Bitcoin’s favor.
For now, the move remains an early technical improvement rather than a full trend confirmation. Still, holding above the 50 day simple moving average would support the view that Bitcoin may continue to strengthen against Gold in the near term.