Gold

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/what-do-jpmorgan-analysts-forecast-for-bitcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">What Do JPMorgan Analysts Forecast for Bitcoin?</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/sec-official-criticizes-bitcoin-based-investment-products" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> is currently struggling to hold the crucial $60,000 support level, following a recent drop from $61,700 that could lead to a further decline towards $57,000. Analysts at JPMorgan have made notable forecasts concerning the trajectories of Bitcoin and Gold, particularly as geopolitical tensions rise. Their insights highlight potential impacts on the prices of these assets.</p>
<h2 style="text-align: justify" id="jpmorgan-insights-on-market-trends">JPMorgan Insights on Market Trends</h2>
<p style="text-align: justify">Recent missile activities in Iran have been cited as contributing factors to Bitcoin’s downturn. JPMorgan analysts, including Nikolaos Panigirtzoglou and his team, pointed out that Bitcoin has recently hit its lowest mark in two weeks. They emphasized that escalating geopolitical tensions, along with the impending U.S. elections, could bolster both Gold and Bitcoin, which some investors see as a hedge against currency devaluation.</p>
<h2 style="text-align: justify" id="are-gold-and-bitcoin-correlated">Are Gold and Bitcoin Correlated?</h2>
<p style="text-align: justify">While analysts initially noted that Gold’s prices remained stable despite rising geopolitical concerns, they acknowledged a notable uptick in the last quarter. This increase has been linked to a drop in the dollar and a decrease in real U.S. Treasury yields. However, they argue that this appreciation isn’t solely attributable to these factors, indicating a growing interest in ‘value loss trading.’</p>
<ul>
 <li>Geopolitical tensions could drive up the prices of both Gold and Bitcoin.</li>
 <li>Bitcoin’s recent performance contradicts expectations associated with Gold.</li>
 <li>Historical trends suggest a potential future alignment between Bitcoin and Gold.</li>
</ul>
<p style="text-align: justify">Despite these forecasts, skepticism remains about their validity. Bitcoin, often dubbed digital gold, has diverged from Gold’s performance, particularly during recent market rallies. This discrepancy raises questions about Bitcoin’s trajectory moving forward.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/what-do-jpmorgan-analysts-forecast-for-bitcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">What Do JPMorgan Analysts Forecast for Bitcoin?</a></h5>

What Do JPMorgan Analysts Forecast for Bitcoin?

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