Crypto trader and analyst Michaël van de Poppe says Bitcoin (BTC) is significantly undervalued when compared to gold, pointing to historical data that has previously marked major market bottoms.
In a series of market updates, Van de Poppe says Bitcoin’s valuation against gold is flashing a rare signal that has only appeared a handful of times in the asset’s history.
“This is the fourth time in history that the #Bitcoin valuation against Gold hits a RSI of 30.
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The last three times:
The low in 2015 bear market. The low in 2018 bear market. The low in 2022 bear market.
History shows that Bitcoin is extremely undervalued today relative to Gold.
It’s wise to buy.”
Source: Michaël van de Poppe/X
Van de Poppe
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