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Why Bitcoin Traders Should 'Buy the Dip, in Stages'

Standard Chartered analyst Geoff Kendrick advises Bitcoin traders to purchase in three stages: first, invest 25% now, then another 25% if Bitcoin closes above $103,000 for the week, and finally 50% if the Bitcoin-gold ratio exceeds 30. The Bitcoin-gold ratio has dropped to 25 from a peak of 38.6 earlier in the year, which affects traders' strategies. Recent market weakness is attributed to the prolonged U.S. government shutdown, but analysts anticipate a liquidity influx once it ends, potentially spurring a significant market rally. Historically, Bitcoin shows strength at year-end, making this a critical time for strategic investing. Currently, Bitcoin remains about 10.5% higher than at the beginning of the year despite recent volatility. However, concurrent gains in gold have been notable, impacting the perceived value of Bitcoin.

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