Bank of America Sets New Gold Target as RSI Hits Record High | US Crypto News
Welcome to the US Crypto News Morning Briefing—your important rundown of crucial developments in crypto for the day forward.
Grab a espresso and take a deep breath as a result of the markets are flashing indicators not seen in many years. Gold is hovering previous data, and analysts are break up on whether or not that is the calm earlier than an enormous correction or the start of a generational bull run
Crypto News of the Day: Gold Mania or Supercycle? Bank of America Lifts Target to $5,000 as RSI Hits Record High
The gold market is coming into uncharted territory, and merchants are divided on whether or not that is peak euphoria or the early stage of a historic supercycle.
Bank of America has lifted its gold goal to $5,000 per ounce and silver to $65, citing rising stagflation dangers, persistent US fiscal deficits, and deepening geopolitical tensions.
The transfer comes as gold’s month-to-month Relative Strength Index (RSI) surges to 92.2, essentially the most overbought stage ever recorded.
According to knowledge shared by Walter Bloomberg, gold-backed ETF purchases jumped 880% year-over-year in September, reaching a report $14 billion in inflows.
This aligns with a latest US Crypto News publication reporting record-breaking flows defining the 2025 ETF growth.
Bank of America’s analysis warns that persistent inflation from deglobalization, uncertainty round Federal Reserve independence, and mounting US fiscal stress might maintain the rally alive for an additional 12–18 months.
However, the financial institution expects short-term consolidation, with dangers together with a hawkish Fed pivot, Trump tariff rulings, and US midterm election outcomes.
Market veterans like JPMorgan CEO Jamie Dimon have added to the frenzy, saying gold might simply go to $5,000, even $10,000 within the present atmosphere.
“This is one of the few instances in his life when it’s semi-rational to personal some,” Wall Street Gold reported, citing Dimon.
Peak Euphoria or the Start of a Gold Supercycle?
Meanwhile, technical analysts and merchants are sounding alarms as charts flip parabolic. Michael van de Poppe described the surge as the largest bull run in gold historical past.
At the identical time, sentiment surveys recommend gold should still be under-owned regardless of its explosive rally.
According to the Kobeissi Letter, 43% of international fund managers now see “Long Gold” as essentially the most crowded commerce, up from close to zero a yr in the past.
Yet, the common institutional allocation to gold is simply 2.4%, near an all-time low.
“Gold goes mainstream,” the Kobeissi Letter wrote, hinting that Wall Street should still have room to hitch the rally.
Still, skeptics like veteran dealer Toby Cunningham warn retail buyers towards chasing momentum.
“The lots love shopping for when costs are high. We promote to the lots, not the opposite method round,” he said.
The market sits at a psychological crossroads as gold hovers close to report highs. It is both going through a short-term blow-off prime or coming into a decade-long revaluation pushed by international instability.
With stagflation risk and safe-haven demand surging concurrently, the steel as soon as dismissed as “boring” might now be rewriting the principles of macro investing.
Chart of the Day
Long Gold is now essentially the most crowded commerce for the primary time since June, in accordance with Bank of America’s Global Fund Manager Survey, with 43% of respondents citing it as their prime place, surpassing “Long Magnificent 7” and “Short US Dollar
Byte-Sized Alpha
Here’s a abstract of extra US crypto information to observe right now:
- Bitcoin worth’s last line of defence might stop structural weak point.
- Standard Chartered turns into the first global bank to extend a crypto deal into the EU.
- Three shifts in Bitcoin whale behavior after the October market crash.
- XRP data 7,400% change outflow surge—But there’s a catch.
- Gold rises, Bitcoin falls: Is the “debasement commerce” cracking or evolving?
- CZ challenges Coinbase to list more BNB projects as change tensions warmth up.
- Mt. Gox’s 34,000 Bitcoin deadline sparks market jitters — Analysts warn of FUD.
- Paxos draws NYDFS attention as $300 trillion minting error exposes stablecoin dangers.
Crypto Equities Pre-Market Overview
| Company | At the Close of October 15 | Pre-Market Overview |
| Strategy (MSTR) | $296.76 | $300.19 (+1.16%) |
| Coinbase (COIN) | $336.30 | $340.00 (+1.10%) |
| Galaxy Digital Holdings (GLXY) | $41.92 | $42.45 (+1.26%) |
| MARA Holdings (MARA) | $22.84 | $23.12 (+1.23%) |
| Riot Platforms (RIOT) | $22.13 | $22.31 (+0.81%) |
| Core Scientific (CORZ) | $19.94 | $19.99 (+0.25%) |
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