JPMorgan just predicted: $170,000 in the next 6-12 months
Reason: Leverage has zeroed out, volatility vs. gold is improving
Banks are positioning while retail is still fearful
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JPMorgan just predicted: $170,000 in the next 6-12 months
Reason: Leverage has zeroed out, volatility vs. gold is improving
Banks are positioning while retail is still fearful
Its always important to remember that every sale is also a buy. Don't view this as "people dumped from 120 to 100" but "people bought from 120 to 100".
Those sellers probably had massive profit, hence why they sold. Those buyers won't consider selling until they too show massive profits.
This is how bottoms get built.
You are correct
Saylor said during q3 call that banks might start buying soon