Bitcoin ‘$68K too low’ versus gold says JPMorgan as BTC, stocks dip again

💡 DMK Insight

JPMorgan’s take on Bitcoin being undervalued compared to gold is a big deal right now. With Bitcoin currently at $102,099, this drawdown could signal a buying opportunity for traders who see value in BTC as a digital gold alternative. Historically, Bitcoin has shown resilience during price corrections, often bouncing back stronger. If traders start to believe in this undervaluation narrative, we could see increased buying pressure, especially if BTC breaks above key resistance levels. Watch for a potential rally if it can hold above $105,000 in the coming days, as that might attract more institutional interest. But here’s the flip side: if Bitcoin fails to maintain momentum and dips below $100,000, it could trigger stop-loss orders and further sell-offs. Keep an eye on gold prices too, as any movements there could influence Bitcoin’s trajectory. The correlation between these assets might lead to interesting trading strategies, particularly for those looking to hedge against inflation or market volatility.