The post Bitcoin vs. Gold: Long-Term Chart Signals Possible Bottom After 14-Month Relative Bear Market appeared on BitcoinEthereumNews.com.

Crypto analyst Michaël van de Poppe set the market talking this week after posting what he called “the best chart in the ecosystem,” a long-term look at Bitcoin’s valuation against gold that, he says, flips the usual bullish story on its head. Van de Poppe argues the BTC/Gold ratio is at its lowest level ever and that, measured in gold, Bitcoin actually peaked in December 2024, meaning the digital asset has been in a relative bear market for roughly 14 months. That view matters because most investors still frame Bitcoin’s cycle in U.S. dollar terms. On the dollar front, Bitcoin remains far above pre-2024 levels and was trading around $68,000 at the time of writing, a far cry from the panic lows of previous bear markets. But van de Poppe’s point is that comparing BTC to another hard asset, gold, reveals a different rhythm. When gold surges, Bitcoin’s dollar price can be pulled up even as Bitcoin loses ground measured in ounces of gold. Gold itself is no afterthought. The metal has enjoyed a powerful run into 2026, trading above $5,000 an ounce in recent days, a move driven by geopolitics, central-bank buying and debate over global fiscal health, all forces that strengthen demand for safe havens. That strength in gold, van de Poppe says, may have masked Bitcoin’s underlying weakness in “real” terms. The technical argument is stark. Van de Poppe highlights that the weekly Relative Strength Index (RSI) of BTC priced in gold has hit the same historic lows that marked the end of the three prior BTC/Gold bear cycles, each of which lasted about 14 months. If history repeats, those readings have preceded multiyear uptrends in Bitcoin’s performance versus gold. Traders and experts have echoed the observation, noting the rarity of the signal and its appearance at…

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Filed under: News - @ February 21, 2026 11:00 pm