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BITCOIN IS HITTING HISTORIC OVERSOLD LEVELS VS GOLD
The BTC/Gold ratio just dropped to its most oversold level since November 2022, this is the same zone that marked Bitcoin’s macro bottom.
This ratio measures #Bitcoin’s relative strength against gold. When it falls this low, it usually means gold has outperformed too quickly, while $BTC momentum is temporarily exhausted.
Historically, these conditions don’t last. Each time the RSI on this pair hit 30 or below, Bitcoin reversed within weeks, which often leads to a multi-month uptrend as risk appetite returned.
So while price action looks weak in USD terms, the BTC/Gold chart suggests something different: Bitcoin’s entering deep value territory against hard money. 👀