Bitcoin's rebound potential exceeds that of gold
2026-08-26 21:51:30
According to CoinMeta, analyst Katie Stockton stated that Bitcoin shows greater upside potential than gold during its rebound towards $80,000. She pointed out that Bitcoin's technical recovery is gaining momentum, having recently broken through the 200-day moving average, indicating a strong technical foundation. Although gold is also recovering, its rise may face resistance sooner. Stockton believes that Bitcoin's bottom formation process was longer, and it established a foundation during June and July; the recent rebound has helped it break through key technical resistances. She also mentioned that institutional demand is improving, with U.S. spot Bitcoin ETF on August 24 recording a net inflow of approximately $338 million, of which Blackstone's IBIT contributed $209 million, accounting for about 62% of the total.
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Source:Coinpaper
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