Bitcoin's value relative to gold may face a 35% drop as it reflects bear market indicators amid a $13 trillion loss in the US stock market. Closing below the 50-period EMA for the first time since April 2022 suggests that Bitcoin may continue to decline toward the 200-period EMA. Analysts, including Bloomberg's Mike McGlone, predict a similar downturn for the Bitcoin-to-gold ratio due to its strong correlation with the stock market. Historical data shows that such breakdowns often precede significant declines in Bitcoin's price. Prior instances during 2021-2022 saw Bitcoin drop from over $42,000 to below $17,000 after similar patterns emerged. If the trend continues, Bitcoin may risk falling towards its 200-week EMA by year-end, currently around $50,950. Investors are advised to proceed with caution as these patterns suggest further sell-offs may be imminent.

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