Bitcoin Undervalued Against Gold as Technical and On-Chain Signals Diverge – Blockonomi
TLDR: BTCUSD/Gold ratio suggests Bitcoin is undervalued compared to gold. Daily RSI below 30 shows historical cycle lows and potential bullish divergence. Exchange reserves drop to 2.76M BTC, indicating reduced selling pressure. Miner and whale activity shows controlled distribution amid consolidation. Bitcoin market valuation is gaining renewed attention as analysts examine relative performance against gold…