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