Samson Mow: BTC 24-66% Undervalued Compared to Gold!
BTC/USDT
$7,042,121,434.31
$79,199.48 / $78,040.00
Change: $1,159.48 (1.49%)
-0.0010%
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Contents
Samson Mow's BTC-Gold Comparison
Jan3 CEO Samson Mow stated that Bitcoin (BTC) is undervalued by 24-66% compared to gold and global money supply, signaling a price reversal. The Z-score of the BTC/gold ratio is currently at -1.24, and historically, when this value fell below -2, major price rallies occurred. April gold futures closed on Friday at 5.247,90 dollars, while tokenized gold PAX Gold USD was trading at 5.404,14 dollars.
The Z score of the Bitcoin-to-gold ratio. Source: TradingView
BTC Z-Score Historical Performance
The Z-score metric shows the position of the BTC price relative to its historical average; below -2 values, during the FTX collapse in November 2022, BTC rose more than 150%, and in the March 2020 Covid crash, it increased by more than 300%. Mow's view contradicts some analysts' prediction that BTC could fall to 50.000 dollars due to Middle East tensions; BTC is currently trading around 65.972,84 dollars (-0.37% 24h).
BTC Current Technical Analysis and Mt. Gox Effect
RSI at 39.65 approaching oversold territory, with downtrend and bearish Supertrend dominant. Supports: S1 64.388$ (strong, 72%), S2 60.000$. Resistances: R1 67.666$ (69% strong). While Mt. Gox closing payments continue, increasing BTC selling pressure, the Z-score points to a rally. For detailed review, visit BTC detailed analysis and BTC futures pages. EMA20: 68.445$.