Gold is approaching a historically significant monetary level, while Bitcoin is testing key support.

When adjusted for U.S. money supply, gold is challenging a zone that acted as long-term resistance for decades — previously reached in 2011 and decisively broken only during the inflationary period of the late 1970s.

Bitcoin, often viewed as digital gold, is instead consolidating toward an important support level. This area aligns with both the April macro-driven selloff and the prior cycle high earlier this year.

Gold’s strength reflects growing concerns around currency debasement, while Bitcoin’s current behavior appears more consistent with cyclical consolidation rather than a breakdown in its long-term trend.

Both markets are responding to similar macro pressures, but through different instruments and time horizons.