Standard Chartered: If progress goes smoothly this week, Bitcoin may never fall below $100,000 again.

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According to Mars Finance, The Block reported that Standard Chartered Bank stated, “If progress goes smoothly this week,” Bitcoin may never fall below $100,000 again. Analyst Geoffrey Kendrick pointed out that the Bitcoin to gold ratio has risen to slightly above previous levels, which compares the market capitalization of Bitcoin with that of gold and rises with the increase in Bitcoin's market capitalization. Another key signal of renewed market strength is that the Spot Bitcoin ETF will welcome new capital inflows. If even half of the funds flow back into the Bitcoin ETF from Monday to Wednesday this week, it will be a strong signal of market sentiment warming up. In recent weeks, the inflow of funds into Bitcoin ETFs has lagged behind that of gold ETFs, “and needs to catch up.”

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