Bitcoin RSI nears three-year lows vs. gold as analyst sees bullish comeback
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Bitcoin's RSI nears three-year lows against gold, signaling a potential bullish comeback. Analyst Michaël van de Poppe predicts more upside for Bitcoin, noting a bullish divergence at support. Bitcoin trades at 20 ounces of gold, its lowest since early 2024, as gold remains near all-time highs. Historical data suggests Bitcoin is undervalued, while gold is overvalued. A crucial support level is being tested, with a potential break expected in the coming weeks. The article advises caution, emphasizing the importance of conducting personal research before investing.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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