The ratio of BTC to gold prices has broken through the 50 week moving average, with one BTC equivalent to approximately 18.55 ounces of gold

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Analyst Miller Cole stated that the current value of one BTC is approximately 18.55 ounces of gold, compared to the same period last month when one BTC was approximately 15.3 ounces of gold. This ratio has once again exceeded the 50 week simple moving average.

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