TechFlow, December 21 — According to Cointelegraph, the Bitcoin-to-gold (BTC/XAU) price has dropped to around 20 ounces of gold, the lowest level since early 2024. Meanwhile, the weekly RSI indicator for this ratio has fallen to approximately 29.5 (oversold zone), nearing a three-year low. Historical data shows that such RSI oversold levels often occur near bear market bottoms, leading some analysts to believe this may indicate Bitcoin is undervalued and could have room for a rebound. However, others argue that if this key support level is breached, it might signal a weakening trend.
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