Should I own gold or Bitcoin?
It’s a question that has its different sides BUT, the real question is –
When should I own gold or bitcoin?
Below is a chart of Bitcoin priced in Gold – not the US Dollar.
Chart source is TradingView dated May 5th 2026
Bitcoin, measured in gold, has surpassed its 50-day and 150-day moving averages. In trading, timing is crucial.
For perspective, below is the price of Bitcoin priced in the US Dollar. The chart above and below shows us Bitcoin is out performing both gold and the US Dollar.
By definition, a breakout above the 150-day moving average from Investopedia:
- Long-Term Sentiment Shift: The 150-day MA is a key “line in the sand” used to determine the overall health of an asset, often acting as a divider between a healthy market and a weak one. A move above it suggests growing optimism among investors and a possible shift to a long-term bullish trend.
- Reduced Overhead Resistance: When the price rises above this long-term average, it often indicates that sellers are exhausted and buyers are stepping in to buy at higher prices, overcoming previous resistance.
- Trend Reversal Confirmation: A breakout above the 150-day MA can mark the end of a downtrend and the start of a “bottoming” process, suggesting that the trend is reversing toward higher prices.
- Support Level Formation: Once the price closes above the 150-day SMA, this line often flips from acting as resistance to acting as dynamic support. Future pullbacks might stop at this level
Bitcoin priced in US Dollar:
Chart source is TradingView dated May 5th 2026
Good fortune to us all!
Tom
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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