BTC/Gold ratio enters historically oversold territory

The Bitcoin-to-gold price ratio has entered a historically oversold territory, according to an analysis by BeInCrypto. The outlet noted that the ratio is at its most oversold level since 2010 and is currently below its four-year average of -1.42. Bitcoin is also trading below its Power Law model trendline. BeInCrypto highlighted that in the past, after the ratio reached this level, Bitcoin once rallied by approximately 660%. On average, BTC has seen a rally of about 160% once the oversold condition resolved.