JPMorgan: Bitcoin Forecast to Beat Stocks and Gold
CryptoMichNL notes JPMorgan's pivot to endorsing Bitcoin as the premier asset after initial resistance, citing its expected outperformance versus US stocks, gold and real estate over the next decade.
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JPMorgan has moved from skepticism to active promotion of Bitcoin as the leading asset class, @CryptoMichNL observed, echoing the bank's projection that it will surpass US stocks, gold and real estate returns over the coming decade. BTC at $83414.03 holds above both the EMA50 at $82369.04 and EMA200 at $82076.52 in a confirmed bullish structure while the MACD golden cross at 263.87 reinforces upward momentum; price now presses the upper Bollinger Band at $83515.74 with RSI at 61.52 still neutral, pointing to a brief consolidation toward the lower band support near $80867.84 before the next leg higher as institutional adoption widens.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast