Bitcoin Rebound?

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Bitcoin Rebound? Gold’s Pullback Could Trigger BTC’s Next Bull Run

The crypto market is abuzz with speculation as Bitcoin (BTC) shows signs of bottoming out, coinciding with the rally of its analog rival, gold (XAU), starting to look overextended. According to some analysts, this inverse behavior suggests that the Bitcoin (BTC) price is bottoming, potentially triggering a rebound.

Key Takeaways:

* Gold’s ongoing pullback could trigger Bitcoin (BTC)‘s rebound.
* Rallying to $150,000–$165,000 by year’s end is still possible, based on technical analysis.

Gold’s rally appears to have stalled after hitting an all-time high of around $4,380 per ounce, dropping 2.90% since then. Despite this, the precious metal remains up by over 62.25% year-to-date. Its daily relative strength index (RSI) readings have been persistently above 70, indicating that the asset is overbought and risks profit-taking.

Bitcoin’s Outlook Remains Optimistic

Bitcoin (BTC) has jumped by almost 4% during gold’s correction period, recovering from its worst level in four months near $103,535. This recovery, combined with its RSI reading at its lowest since April, mirrors a bottom structure that preceded a rebound of 60% or more in the past. Analyst Pat predicts a “generational bottom” for Bitcoin (BTC), citing its performance relative to gold over the past four years. The Bitcoin (BTC)-to-gold ratio has plummeted to levels historically associated with market bottoms, signaling that BTC may be undervalued versus gold.

HSBC’s Bullish Outlook on Gold

HSBC has doubled down on its bullish outlook, projecting that gold could climb as high as $5,000 per ounce by 2026, driven by geopolitical tensions, economic uncertainty, and a weaker US dollar. This outlook is based on the expectation that long-term investors seeking portfolio stability will drive the rally, rather than short-term speculation. Gold’s 2025 rally has seen several overbought corrections, but each dip resulted in the price going even higher, reflecting sustained investor confidence amid geopolitical and monetary uncertainty.

Implications for Retail Investors

The potential rebound of Bitcoin (BTC) and the bullish outlook on gold have significant implications for retail investors. As blockchain technology continues to evolve, investors are becoming increasingly interested in Bitcoin (BTC) and other cryptocurrencies. The predicted rallies in both gold and Bitcoin (BTC) could lead to increased investment in these assets, potentially driving up prices and creating new opportunities for retail investors. However, it is essential for investors to conduct thorough research and consider the risks involved before making any investment decisions.

In conclusion, the potential rebound of Bitcoin (BTC) and the bullish outlook on gold are significant developments in the crypto market. As the market continues to evolve, retail investors must stay informed and adapt to the changing landscape to make informed investment decisions. According to some sources, OrxCash.com, the news about “Bitcoin Rebound?” is being closely watched by investors and analysts alike, as it could have a significant impact on the future of the crypto market.

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image source: cointelegraph.com