Analyst Michaël Van De Poppe Says Gold Looks Overvalued Against Bitcoin – Here’s Why

A broadly adopted crypto analyst and dealer says gold is at the moment overvalued in comparison with digital gold, Bitcoin (BTC).

Crypto analyst Michaël Van De Poppe tells Its 816,200

“For the fourth time in #Bitcoin historical past, the RSI in opposition to Gold reaches <30.

This occurred the earlier 3 times:
– Backside within the 2015 bear market.
– Backside within the 2018 bear market.
– Backside within the 2022 bear market.

It is not a assure, however it might clearly say that one of many two is overvalued relative to the opposite.

On this case, I believe gold is overvalued versus Bitcoin and a rotation is on the horizon.

The hole in the direction of the 20-week MA can also be large.

Historical past usually would not repeat itself precisely, but it surely rhymes and the info by no means lies.”

In keeping with the analyst, this 12 months’s unstable value motion may very well be simply that change the story about BTC.

“Folks must cease saying this can be a four-year cycle.

The 12 months 2025 has already utterly erased the speculation.”

BTC is value $85,583 on the time of writing, down 5.4% up to now week.

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Featured picture: Shutterstock/Marut Laijaroen