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 <30.
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 to the other.
In this case, I think Gold is overvalued vs. Bitcoin and that a rotation is on the horizon.
The gap towards the 20-Week MA is massive as well.
History quite often doesn’t repeat exactly, but it rhymes and data never lies.”
According to the analyst, this year’s volatile price action could change the narrative on BTC.
“People should stop saying that this is a 4-year cycle.
The year 2025 has entirely erased the theory already.”
BTC is worth $85,583 at time of writing, down 5.4% in the last week.
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Featured Image: Shutterstock/Marut Laijaroen