A widely followed crypto analyst and trader says that gold is currently overvalued against digital gold, Bitcoin (BTC).
Crypto analyst Michaël Van De Poppe tells his 816,200 X followers that the Relative Strength Index (RSI), a momentum indicator that shows whether a crypto asset is overbought or oversold by measuring the speed and magnitude of recent price changes, indicates BTC is worth more against AU than prices currently reflect.
“For the fourth time in the history of #Bitcoin, the RSI against Gold is hitting
Trending: Marlow: Here Is Why Donald Trump Is Already Attacking Rob Reiner
The previous three times this occurred:
– Bottom in 2015 bear market.
– Bottom in 2018 bear market.
– Bottom in 2022 bear market.
It’s not a guarantee, but it can clearly say that one of the two is overvalued
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!