BTC at Oversold Levels Again—Is a New Cycle High Incoming?

• Bitcoin reaches oversold levels, hinting at a possible new cycle high.
• Gold surges while Bitcoin drops, fueling Schiff’s $10K Bitcoin prediction.
• Wave Trend Oscillator suggests a potential Bitcoin rally ahead.

The price of Bitcoin has dropped into oversold territory again. Every past occurrence during this bull cycle led to massive price surges. A similar move could happen soon.Bitcoin looks weak at the moment. Since January, the price has fallen over 10.50%, landing at $83,706.02. The stock market shows a similar pattern. The SP 500 has dropped at least 5.44%. Meanwhile, gold has taken a different path, jumping by no less than 17.56%.

Wave Trend Oscillator and Bitcoin’s Bullish History

Market shifts create uncertainty. Peter Schiff , a strong advocate for gold, believes Bitcoin faces serious risks. He warns that gold breaking $5,000 could send Bitcoin crashing to $10,000. Many investors wonder if this scenario will play out. The Wave Trend Oscillator has signaled major Bitcoin rallies throughout this bull cycle. Each oversold reading led to strong upward moves. A new price explosion could follow soon. Traders rely on historical patterns.

Past signals from this oscillator aligned with major Bitcoin breakouts. A fresh oversold reading has arrived. The next few weeks will reveal if another surge happens. Global markets influence Bitcoin’s path. The stock market decline shows investor caution. Gold’s rise suggests a shift toward safe-haven assets. Bitcoin often reacts to both trends, moving between risk-on and store-of-value roles.

Bitcoin vs. Gold—Schiff’s Warning

Gold has gained significant strength this year. At the start of January, one ounce equaled 0.02771 BTC. That ratio surged over 32.80%, reaching a peak of 0.03763 BTC per ounce on March 11, 2025. Just yesterday, gold’s value in Bitcoin jumped 5.47%. Schiff argues that gold’s climb will continue. He believes a $5,000 gold price could trigger a Bitcoin collapse to $10,000.

His stance remains firm—Bitcoin lacks real fundamentals, unlike gold, which has stood strong for centuries. Despite Schiff’s skepticism, Bitcoin maintains a loyal following. Many young investors see Bitcoin as a new form of financial freedom. The coming months will determine whether Bitcoin rebounds again or faces a deeper decline.

A showdown between gold and Bitcoin appears inevitable. A strong gold rally could challenge Bitcoin’s dominance. However, Bitcoin has defied doubters before. History suggests another explosive move may arrive soon.