Bitcoin rises and gold falls, has capital rotation begun?

Gold and bitcoin (BTC) are moving in opposite directions. On this Monday, March 16, 2026, the ounce of the precious metal fell below $5,000 and accumulated 4 consecutive days of bearish behavior. Bitcoin, for its part, has been in the green for 8 days and its price today exceeded $74,000.

The graph below shows how both financial assets have performed so far in March 2026:

Investment firm OANDA Group explains that “gold is under pressure and has fallen this week as its safe-haven appeal has been overshadowed by the strengthening US dollar.” Indeed, the DXY index (which measures the strength of the dollar against other currencies) has risen almost 3% over the last 30 days.

And, on the part of bitcoin, the rise can be explained in part because The digital currency had entered oversold levels (with its fall to $60,000 on February 5, 2026) from which he is recovering. The same OANDA Group maintains that a rebound to the area of ​​$78,000 per bitcoin would be possible.

Combining these two behaviors, a valid hypothesis is that a capital rotation is occurring by investors who took profits from gold near all-time highs and are now taking their money towards bitcoin.

Financial analyst and trader Michaël van de Poppe detects a technical signal underlying the movement of bitcoin against gold. He wrote on his social network account X:

Bitcoin’s response to gold is very positive after the bullish divergence was established. The trend is clearly in favor of bitcoin, as gold briefly fell below $5,000 and bitcoin attacks $75,000.

Michaël van de Poppe, financier analyst.

In another publication, van de Poppe added that both assets show an unusually strong inverse correlation: «Bitcoin is about to form an engulfing pattern and resume the bullish trend, while gold clearly tops these ranges.»

For the analyst who identifies himself in internet forums as Ike Igwe, the signal goes beyond technical analysis. «The bitcoin/gold ratio turning upwards is a significant sign. Institutions are clearly rotating: gold’s fall below $5,000 while bitcoin maintains strength shows that risk appetite is returning,» he said.

Likewise, there are voices calling for caution. Not everyone interprets the divergence as the beginning of a structural rotation.

For example, Jean Michel Libera, an investment manager, warned that relative movement does not imply permanent decoupling. «Gold’s fall below $5,000 as bitcoin attacks $75,000 reflects a short-term migration of capital toward higher velocity assets, not a fundamental invalidation of gold’s role as a store of value,» he wrote.

Libera added that bullish divergences are technical observations that typically resolve through mean reversion once the current liquidity cycle peaks.

It is worth clarifying that van de Poppe himself qualified his short-term vision with a long-term perspective: «In the next five years I assume that we will see gold reach $10,000 or more,» recognizing that the current correction does not invalidate gold as a store of value over time.

For now, The key is whether bitcoin can sustain current levels and confirm the trend break. If momentum continues, the rotation narrative will gain weight. If not, the movement will be recorded as a rebound within a trend that is still seeking to define its direction.

As NoticiasVE reported this morning, news about interest rates in the United States that could come with the FED’s announcements on Wednesday (and the subsequent speech by the organization’s president, Jerome Powell), will probably have a great impact on the price of bitcoin during the current week.