Bitcoin's Relative Strength Index (RSI) against gold has dropped to 30, marking only the fourth occurrence in history, suggesting that Bitcoin is significantly undervalued compared to gold. This development follows a prolonged period of underperformance, with Bitcoin declining from 37 ounces of gold in August 2025 to just 20 ounces, amid five consecutive monthly losses. Veteran analyst Michaël van de Poppe highlighted this RSI milestone, noting that previous instances of such lows have historically preceded strong Bitcoin rebounds. The current RSI level, combined with a falling channel pattern on the monthly BTC/XAU chart, suggests potential for a bullish breakout. Historically, similar RSI lows have occurred during bear markets, with each instance followed by a significant recovery in Bitcoin's value against gold.