Bitcoin has again slipped below $90,000, while gold soars to a record high above $4,755/oz as geopolitical tensions surrounding Greenland escalate further.
According to a recent Bitcoin price prediction by Michaël van de Poppe, CIO at MN Capital, today’s drop toward $89,655 marks the fourth time in history that Bitcoin’s valuation against gold hits an RSI of 30.
Gold-Bitcoin RSI Hits Bear Market Bottom Levels
The last three instances where Gold-Bitcoin RSI got this low were during the 2015, 2018, and 2022 bear market lows.
This is the fourth time in history that the #Bitcoin valuation against Gold hits a RSI of 30.
The last three times:
– The low in 2015 bear market.
– The low in 2018 bear market.
– The low in 2022 bear market.
History shows that #Bitcoin is extremely undervalued today relative… pic.twitter.com/vPde7aiHuo— Michaël van de Poppe (@CryptoMichNL) January 19, 2026
“History shows that Bitcoin is extremely undervalued today relative to gold. It’s wise to buy,” van de Poppe stated, adding that gold’s vertical acceleration indicates how fast Bitcoin must stage a catch-up rally.
Popular crypto investor Ansem also added that the past year of Bitcoin underperformance relative to gold stems from old holders with cost bases below $100,000 cashing out in tandem with four-year cycle top timing.
He expects capitulation to end sometime in 2026.
“Bitcoin is on the verge of staging a catch-up rally as crypto-heavy portfolios reallocate while gold and silver break out of decade-long consolidation.”
“BTC as a digital analog to gold is easier to transport across borders, easier to transact with, and overall just a better asset in a heavily digital world,” Ansem stated.
Bitcoin Price Prediction: Daily Chart Shows Constructive Consolidation
The Bitcoin daily chart shows the market is consolidating after a sharp correction, with the structure gradually turning constructive but dependent on support holding.
Price has formed higher lows from the December bottom, riding an ascending trendline signaling improving demand and controlled recovery rather than panic bounce.
A recent pullback from $95,000-$97,000 occurred below clearly defined resistance around $100,000-$101,000, confirming sellers remain active at higher levels.
The green support zone around $88,000-$90,000 is now the most important area. This region aligns with the rising trendline and prior consolidation, making it a key level for bulls to defend.
Provided price holds above this zone, the broader structure remains intact and favors upside continuation.
Sustained breakdown would invalidate bullish buildup and open pathways to deeper retracement toward the low-$80,000s.
RSI hovers in mid-40s, reflecting neutral momentum and supporting the notion market is in a reset phase rather than an overextended trend.
If Bitcoin continues respecting $88,000-$90,000 support, the price will likely grind higher and attempt $100,000-$101,000 resistance again.
A clean break above would significantly strengthen the bullish case and open pathways toward $105,000-$110,000.
Technically, Bitcoin must hold above last cycle’s price peak of approximately $69,000 in 2021 for the bullish outlook to remain valid.
“If we breach there, with Saylor’s cost average currently approximately $75,000, trading beneath would be full-scale capitulation and a generational buying opportunity,” Ansem noted.
Time-wise, no new all-time high in 2026 would invalidate this thesis, suggesting allocators driving gold’s repeated highs aren’t allocating toward BTC, despite Bitcoin’s approximately $2 trillion market cap versus gold’s approximately $32 trillion.
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The post Bitcoin Price Prediction: BTC Slips Below $90K as Gold Ratio Hits 4-Year Low – Catch-Up Rally Next? appeared first on Cryptonews.
