If You Want To Know Where Bitcoin Is Headed Next, Watch The Price Of Copper

Benzinga05-14

The copper-to-gold ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. The ratio has climbed above its 200-day moving average for the first ...

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class=\"title\">\nIf You Want To Know Where Bitcoin Is Headed Next, Watch The Price Of Copper\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-14 00:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/05/52533957/if-you-want-to-know-where-bitcoin-is-headed-next-watch-the-price-of-copper><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The copper-to-gold ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. \nThe ratio has climbed above its 200-day moving average for the first ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/05/52533957/if-you-want-to-know-where-bitcoin-is-headed-next-watch-the-price-of-copper\">Source 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risen 25% from its lows and historically leads Bitcoin by weeks to months, reinforcing the view that the current crypto rally may still be in its early stages.\nThe correlation coefficient between Bitcoin and the copper-to-gold ratio currently sits at -0.11, though it has rebounded sharply from -1.00. \nThis suggests the two assets are not yet positively correlated, but the relationship is beginning to strengthen.\nDuring Bitcoin’s strongest bull runs, the correlation has moved toward or above 1.0. The current negative reading largely reflects the earlier divergence phase, when the ratio was falling and Bitcoin declined faster than copper. \nAs the ratio recovers, that relationship has historically converged alongside improving market conditions.\nThe copper-to-gold ratio is widely viewed as a gauge of economic momentum and investor risk appetite. \nCopper is closely tied to industrial demand and tends to outperform during periods of economic expansion, while gold is traditionally associated with defensive positioning.\nA rising ratio signals a more risk-on macro environment. Historically, the copper-to-gold ratio has led Bitcoin by several weeks to months, suggesting the current move may still be in its early stages.\nBitcoin pulled back today and is retesting the ascending channel’s middle trendline, which is exactly where it should find support during a healthy correction.\nThe ascending channel from April’s $61,000 lows is the dominant structure. Supertrend at $75,617 and SAR at $78,796 both remain bullish despite today’s red candle.\nThe channel’s lower boundary sits around $77,500–$78,000, the absolute must-hold zone for bulls. \nSupport sits at $78,796, then $77,500 channel floor. Resistance sits at $82,000–$83,000 channel top with invalidation on a daily close below $77,500.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635731242","isCrawlerRequest":true}