JP Morgan analysts use multiple indicators to analyze whether the bull market is still there!
🌟 Come and take a look, everyone! A recent report from JPMorgan Chase pointed out that the surge in gold prices has exceeded changes in the US dollar and real bond yields, indicating that the wave of "depreciation trading" is coming again! This means that more and more investors are choosing gold and Bitcoin as their secret weapons against the devaluation of fiat currencies!
According to analysts, a staggering $78 billion of capital will flow into the crypto market in 2024, including $27 billion in net inflows from crypto funds and $22 billion in micro-strategic Bitcoin purchases. As people’s reliance on gold and Bitcoin continues to grow, the trend for devaluation trading will continue to heat up!
🔍 Of particular note is the significant decline in Bitcoin inflows to exchanges and miner outflows since November 2024, showing a significant reduction in selling pressure. Analysts predict that Bitcoin is expected to break through $105,000 in January and fluctuate between $95,000 and $110,000, which is very exciting!
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