On Friday, Bitcoin (BTC) remained trapped below $90,000 as Wall Street opened, while gold and silver edged toward historic psychological levels.
At a Glance
- Bitcoin remains stuck below $90,000.
- Gold edges toward a $5,000 record.
- Traders focus on 2025 CME gap and liquidation levels.
The one-hour BTC/USD chart from TradingView shows a stationary price action that diverges from the record highs seen by precious metals. Source: {brand}/TradingView.
Gold is within 2% of $5,000 per ounce, and the monthly RSI has reached its highest overbought level since the 1970s. Silver is also approaching its $100 psychological barrier, drawing attention from risk-averse investors.
Liquidation heatmaps from CoinGlass indicate thickening levels at $88,300 and $90,100, suggesting that a pullback could see significant forced selling. Source: CoinGlass.
The CME futures gap at $93,500 is a key technical level. If BTC can close the gap, traders expect a magnet effect that could push the price toward $100,000. Failure to close the gap would likely keep BTC in the current range.
Crypto Tony told X followers that his bullish outlook still aims for a revisit of $100,000 after a potential leg up to $93,000 to close the CME gap, while Michaël van de Poppe warns of a lower low test. Both agree that the current range is a test of market sentiment.
Charles Edwards adds a macro lens, citing central-bank accumulation and inflation to explain gold’s upward trajectory. He argues that a 10.5% annual inflation rate fuels demand for safe assets. His forecast of a $12,000 to $23,000 range for gold aligns with historical expansion patterns.
Meanwhile, market observers note that risk appetite is fragile. The shift from BTC to gold reflects a broader retreat from high-volatility assets. If macro conditions improve, the trend could reverse, but the current environment favors safe havens.
The confluence of Bitcoin’s consolidation, gold’s near-record rally, and macro-economic uncertainty creates a volatile landscape. Traders and investors must stay vigilant, monitor key technical levels, and be prepared for swift market shifts.
Investors should also consider the impact of potential regulatory changes on both BTC and gold markets. Emerging policies could alter liquidity, trading costs, and investor confidence. Keeping abreast of policy developments is essential for informed decision-making. This dynamic environment underscores the need for disciplined risk management. Stay tuned for updates.