Gold sinks below $4K: What does it mean for Bitcoin price?

Gold has sharply corrected, dropping below $4,000 after hitting a record high, coinciding with a nearly 6.70% jump in Bitcoin's price, highlighting a divergence as risk appetite improves amid trade agreement talks. US-listed Bitcoin ETFs attracted $839 million in net inflows since gold's peak, while gold-backed ETFs saw outflows totaling nearly $4.1 billion. Technically, Bitcoin is holding strong above a key support confluence near $101,790, increasing odds for a $150,000 price target by year's end, aligning with JPMorgan's bullish outlook. Conversely, analysts suggest gold's drop is a correction within a larger bull market, noting historical patterns where 10% gold corrections typically lead to an average 8.3% rebound within days, potentially pushing XAU/USD back toward $4,200–$4,250 by December.

(Source：Cointelegraph)