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Copper-gold ratio breaks above 200-day average, hinting at potential Bitcoin rally ahead.

Market News
13 May 2026
Crypto news
View Source
Bullish
pluang ai news

The copper-gold ratio has risen above its 200-day moving average for the first significant time since September 2020, currently at 0.00142 with copper at $6.65 per pound and gold near $4,700 per ounce. Historically, surges in this ratio have coincided with early stages of major Bitcoin price cycles, suggesting improving global risk appetite. The correlation between Bitcoin and the ratio has rebounded sharply from near negative 1.0, indicating a strengthening relationship that often precedes Bitcoin price gains by weeks to months. While this signal aligns with other bullish indicators, analysts caution that it does not guarantee further Bitcoin gains due to other market factors like ETF flows and regulations.

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