Will Bitcoin recover as gold drops from its record highs? Analysts share their thoughts

The Bitcoin-to-gold ratio is at all-time lows, traditionally signifying upcoming Bitcoin price surges. Analysts are hopeful that Bitcoin might rise significantly as the gold market corrects after its peak.

Based on technical analysis, Bitcoin could reach between 150,000 USD and 165,000 USD by the end of the year. This optimism is reinforced by historical trends following similar market conditions.

While HSBC remains bullish on gold’s future, projected to reach 5,000 USD per ounce by 2026, JPMorgan confidently predicts Bitcoin could soar to 165,000 USD in 2025, highlighting its undervalued status against gold.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts