The value ratio between Bitcoin and Gold has reached a very important support level. According to Cointelegraph, Bitcoin's value has fallen to 20 ounces of gold, which has been seen for the first time since early 2024. This level is considered very critical for analysts, as it is here that the market chooses its bullish or bearish direction. Crypto analyst Michaël van de Poppe states that Gold appears overvalued at this time while Bitcoin is in an undervalued zone. Historically, whenever Bitcoin and Gold bottom out together, a trend reversal is often observed. Signs of bullish divergence are appearing on the daily RSI, indicating a short-term bounce. However, the weekly RSI is still low, showing some pressure, but if the 20-ounce support holds, an upside move is possible after consolidation. #Bitcoin #Gold #BTCLongTerm #CryptoAnalysis #MarketUpdate Market Signal: Bullish $BTC$ETH$BNB
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