Bitcoin Market Bottom May Be Nearing, Gold-Based Indicator Suggests

Bitcoin’s performance is commonly measured in U.S. dollars, but its price relative to gold can provide a clearer gauge of purchasing power when capital moves into safe-haven assets. Mercado Bitcoin’s head of research says Bitcoin’s performance against gold is approaching levels associated with the end of previous bear markets, making the ratio an important signal for assessing the market cycle.

Mercado Bitcoin’s latest analysis found that previous Bitcoin bear markets typically lasted about 12–13 months. Based on the current cycle and the gold-denominated indicator, the market could bottom as early as August 2026. Rising global uncertainty and continued capital flows into gold remain key factors weighing on Bitcoin’s relative performance.