Bitcoin Increasingly Likely to Flip in Recent Inverse Correlation with Gold

• BTCUSD’s recent inverse correlation with Gold (on a weekly chart) is at the lowest level of its 5 year range, suggesting any deeper healthy consolidation in Gold this week could initially act as a drag on BTCUSD but by May would have less impact.• US Treasuries remain vulnerable as despite bouncing most of this past week, arejust above a major uptrend/triangle support line that began Oct 2023, which ifbreached in coming months, would complete a 1.5 year plus Bear Flagconsolidation and suggest elevated risk to the US financial system.