Bitcoin RSI Nears 3-year Lows vs. Gold -> Bullish Comeback or End Of Bull Cycle?
As Bitcoin has stayed above 85K over the weekend before Christmas, we also saw Bitcoin RSI nears 3-year lows versus Gold, are these signalling that Bitcoin is going to break the support level against Gold, the last time Bitcoin lost this support level againsts Gold, we saw Bitcoin went into a bear market. In this article, we would like to use grounded, data-informed assessment to look at Bitcoin’s technical condition vs. gold, support levels, and the broader bull or bear cycle outlook. Current Technical Signal: RSI vs Gold Approaching Multi-Year Lows Recent market data show that the BTC/Gold RSI (Relative Strength Index) on weekly charts is near three-year lows, indicating oversold conditions relative to gold. Historically, extended oversold RSI readings can sometimes precede reversals or