Crypto analyst Michaël van de Poppe has highlighted a BTC/Gold ratio chart suggesting Bitcoin may have significant growth potential. The ratio has returned to levels historically linked with major cycle bottoms, aligning with the 300-week moving average. Van de Poppe notes that Bitcoin's underperformance relative to gold, alongside gold's recent rally, indicates the current correction might be nearing a cycle bottom. The BTC/Gold ratio is currently around 21, significantly lower than the previous peak of 40, suggesting Bitcoin could appreciate considerably in dollar terms without being overvalued compared to gold. Historical bottoming zones in late 2018/2019 and mid-2022 support this analysis, pointing to potential upside for Bitcoin.