Bitcoin gold price hits record lows, RSI drops to 30, possibly indicating a rebound opportunity

2026-01-20 01:27:40

Source: DigitalToday Original Title: Bitcoin, 6 Months of Weakness Against Gold… RSI Signal as a Buying Opportunity? Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=622329

Bitcoin(BTC) shows a historic low signal relative to gold. Recently, Bitcoin’s 1-week relative strength index (RSI)(RSI) against gold has fallen to 30, indicating that Bitcoin is severely undervalued relative to gold. Historically, this is the fourth time Bitcoin’s RSI against gold has dropped to this level.

According to blockchain media The Crypto Basic, Bitcoin has been declining since its peak of 37 ounces of gold in August 2025. It has underperformed gold for five consecutive months and has now fallen to the 20-ounce level. The monthly chart shows a downward channel pattern, indicating the market is in a correction phase.

Senior analyst Michael van de Poppe stated: “The recent decline of Bitcoin relative to gold suggests that selling pressure has largely been exhausted. value investors can prepare for the next cycle. Historically, when RSI approaches 30, it often signals a long-term bottom and a strong rebound.”

Based on van de Poppe’s analysis, the RSI of Bitcoin relative to gold dropping to 30 is the fourth such case in history. In previous instances, this has led to a strong rebound after a period of long-term weakness.

The last time RSI hit its lowest point was in November 2022, triggered by the FTX collapse, after which Bitcoin recovered from 9 ounces to a peak of 34 ounces in March 2024. Going further back, in December 2018, during a weak market, Bitcoin traded at 3 ounces, with weekly RSI dropping to 29.15. It then recovered to 10 ounces by June 2019.

These historical patterns suggest that Bitcoin is undervalued relative to gold at current levels, increasing the potential for a future rebound. Experts point out: “The downward channel formed during the correction phase may lead to a strong breakout when momentum shifts.”

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