Bitcoin may rebound as gold’s rally shows signs of slowing down, with analysts suggesting a potential price target of $150,000 to $165,000 by the end of the year. Gold hit an all-time high of $4,380 but has since dipped 2.90%, while Bitcoin has recovered almost 4% during this period. The Bitcoin-to-gold ratio is historically low, signaling a potential rally ahead.

HSBC remains bullish on gold, predicting a climb to $5,000 per ounce by 2026 due to geopolitical tensions, economic uncertainty, and a weaker US dollar. The rally is driven by long-term investors seeking stability, with overbought corrections leading to higher prices. JPMorgan analysts are optimistic about Bitcoin, forecasting a price target of $165,000 in 2025, suggesting it is undervalued compared to gold. Charles Edwards also sees potential for a quick move to $150,000 with a breakout above $120,000.

Read more at Cointelegraph: Can Bitcoin Recover as Gold Price Pulls Back From Record Highs?