Bitcoin Price Forecast: BTC Dips Under $90K as Gold Ratio Reaches Four-Year Low – Will a Recovery Rally Follow?

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Bitcoin has once again fallen below $90,000, while gold rises to an unprecedented high above $4,755 per ounce amid escalating geopolitical tensions surrounding Greenland.

A recent forecast by Michaël van de Poppe, CIO at MN Capital, indicates that today’s decline toward $89,655 represents the fourth occurrence in history where Bitcoin’s value against gold reaches an RSI of 30.

Gold-Bitcoin RSI Reaches Bear Market Bottom Levels

The last three occasions when the Gold-Bitcoin RSI declined this significantly were during the lows of 2015, 2018, and 2022.

This marks the fourth instance in history where the #Bitcoin valuation against Gold reaches an RSI of 30.
The previous three instances:
– The low in the 2015 bear market.
– The low in the 2018 bear market.
– The low in the 2022 bear market.
History indicates that #Bitcoin is remarkably undervalued today in relation… pic.twitter.com/vPde7aiHuo

— Michaël van de Poppe (@CryptoMichNL) January 19, 2026

<p“historical data suggests that bitcoin is highly undervalued at present compared to gold. it would be prudent buy,” van de poppe remarked, noting gold’s rapid ascent demonstrates the urgency for initiate a catch-up rally.

Renowned crypto investor Ansem also pointed out that the previous year’s Bitcoin underperformance relative to gold can be attributed to older holders with cost bases below $100,000 liquidating their holdings in conjunction with the timing of the four-year cycle peak.

He anticipates that capitulation will conclude sometime in 2026.

“Bitcoin is nearing the point of initiating a catch-up rally as crypto-heavy portfolios realign while gold and silver break out of a decade-long consolidation.”

, as a digital counterpart to gold, is easier to transport across borders, simpler to transact with, and overall a superior asset in a predominantly digital landscape,” Ansem stated.

Bitcoin Price Forecast: Daily Chart Indicates Positive Consolidation

The Bitcoin daily chart reveals that the market is undergoing consolidation following a sharp decline, with the structure gradually becoming constructive but reliant on support being maintained.

The price has established higher lows since the December low, following an ascending trendline that signals increasing demand and a controlled recovery as opposed to a panic-driven bounce.

A recent retracement from $95,000-$97,000 occurred beneath clearly defined resistance levels around $100,000-$101,000, confirming that sellers remain active at elevated prices.

Bitcoin Price Forecast: BTC Dips Under $90K as Gold Ratio Reaches Four-Year Low – Will a Recovery Rally Follow?0Source: X/CryptoMichNL

The green support area surrounding $88,000-$90,000 is now the most critical zone. This area coincides with the rising trendline and previous consolidation, making it a vital level for bulls to protect.

If the price maintains above this zone, the overall structure will remain intact, favoring continuation to the upside.

A sustained breakdown would invalidate the bullish buildup and open the pathway for a deeper retracement toward the low-$80,000s.

The RSI is currently hovering in the mid-40s, indicating neutral momentum and reinforcing the idea that the market is in a reset phase rather than experiencing an overextended trend.

If Bitcoin continues to respect the $88,000-$90,000 support, the price will likely trend upward and attempt to breach the $100,000-$101,000 resistance once more.

A decisive break above would significantly bolster the bullish argument and pave the way toward $105,000-$110,000.

From a technical perspective, Bitcoin must remain above the previous cycle’s peak of approximately $69,000 in 2021 for the bullish outlook to stay valid.

“If we break that level, with Saylor’s average cost currently around $75,000, trading below would signify full-scale capitulation and present a generational buying opportunity,” Ansem remarked.

In terms of timing, failing to reach a new all-time high in 2026 would invalidate this thesis, implying that investors driving gold’s repeated highs are not allocating towards BTC, despite Bitcoin’s being approximately $2 trillion compared to gold’s $32 trillion.

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Bitcoin Price Forecast: BTC Dips Under $90K as Gold Ratio Reaches Four-Year Low – Will a Recovery Rally Follow?1

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