![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Bitcoin-FI--1200x675.jpg\")
\n\t\t\t\t\t\t<\/p>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-80x80.jpeg\")
<\/p>\n
Journalist<\/p>\n<\/p><\/div>\n
- \n
- It was too early for Peter Schiff to claim that BTC has hit a \u2018major top.\u2019<\/span><\/em><\/li>\n
- None of the 30 key market peak indicators showed overheated signs as of June 2025.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
Bitcoin [BTC]<\/span><\/a> briefly dipped to $102K on the 12th of June after Israel attacked Iran. <\/span><\/p>\n
Amid fears of potential region-wide escalation, markets nuked, with BTC extending its weekly losses to 7% alongside with U.S. stock market <\/span>dump<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n
Amid the risk-off sentiment, gold ripped higher to $3.4K. The divergence, according to long-time critic, Peter Schiff, meant BTC has hit a \u2018major top.\u2019 He <\/span>said<\/span><\/a>,\u00a0<\/span><\/p>\n
\n
\u201cPriced in gold, Bitcoin is now more than 15% below its Nov. 2021 peak.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n
Bitcoins Bitcoin vs. gold<\/h2>\n
He added that BTC\u2019s failure to rise against gold for over three years despite government backing and corporate treasury craze, suggested the \u2018bubble has peaked.\u2019<\/span><\/p>\n
\n
\u201cA major top has been formed, as Bitcoin has been distributed from strong to weak hands. The whales have been cashing out to latecomers who will be left holding the bag.\u201d<\/span><\/p>\n<\/blockquote>\n
He was right on one thing: BTC was below its 2021 peak relative to gold at press time.<\/span><\/p>\n
According to the BTC\/gold ratio, which tracks BTC\u2019s relative price performance to gold, BTC was about 22% away from clearing the 2021 peak in gold terms.\u00a0<\/span><\/p>\n
\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/BTCUSD_GOLD_2025-06-13_12-14-31.png\")
<\/a><\/p>\nSource: BTC\/gold ratio, TradingView<\/p>\n<\/div>\n
In 2021, the BTC\/gold ratio topped out at 37. A fake breakout at 40 in January led to a 36% dip to 26. In other words, gold outperformed BTC by 36% in Q1 2025.\u00a0\u00a0<\/span><\/p>\n
However, it was too early to make a \u2018top call\u2019 because the BTC\/gold ratio was still in a multi-year uptrend, as shown by the ascending channel (white). <\/span><\/p>\n
Perhaps, if the channel breaks lower, then Schiff\u2019s projection could be possible.\u00a0<\/span><\/p>\n
In fact, a composite of market cycle peak indicators from ETF flows to valuation models like MVRV Z-Score, none flagged a likely peak as of press time.\u00a0<\/span><\/p>\n
According to the CoinGlass\u2019 Bull Market Peak Indicators, none of the 30 metrics showed overheated signs. This suggested that current levels were a solid 100% \u2018HOLD\u2019 despite the Middle East tensions.\u00a0<\/span><\/p>\n
In addition, investor Ken Teng, popularly known as Chicken Genius on X, claimed that the U.S. will likely print more money to try to salvage its debt situation. <\/span><\/p>\n
This will likely <\/span>rally<\/span><\/a> BTC higher, a thesis commonly known as \u2018nothing stops this train\u2019 in Crypto Twitter.\u00a0\u00a0<\/span><\/p>\n
- None of the 30 key market peak indicators showed overheated signs as of June 2025.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Bitcoin-top-scaled.jpg\")
<\/a><\/p>\n