Viewpoint: Bitcoin's Relative Weakness to Gold Indicator Reaches Critical Level, Signaling Potential Bitcoin Price Reversal

BlockBeats News, March 2nd - Samson Mow, CEO of Bitcoin technology company Jan3, stated that compared to gold and global money supply, Bitcoin's value is relatively undervalued, which may indicate a price reversal.

Mow referred to Bitcoin's Z Score relative to gold dropping to -1.24, indicating that Bitcoin is undervalued by 24%-66%. Historical data shows that after such lows, Bitcoin's price has rebounded by 150%-300%. (Similar low Z Scores in 2020 and 2022 preceded significant Bitcoin price increases.) (Cointelegraph)