Bitcoin price climbs 3% as gold divergence signals ‘significant upside’

💡 DMK Insight

Bitcoin’s struggle to keep pace with gold and stocks signals potential volatility ahead. With BTC currently at $65,425, traders should watch for a possible pullback to the $65,000 mark. This level has been a psychological barrier and could trigger profit-taking or stop-loss orders. If BTC fails to hold above this level, it might open the door for a deeper correction, especially if broader market sentiment shifts negatively. The disconnect between Bitcoin and traditional assets suggests that institutional interest may be waning, which could lead to increased selling pressure. On the flip side, if Bitcoin manages to reclaim momentum and break above recent highs, it could attract renewed buying interest. Keep an eye on the $66,000 resistance level; a breakout here could signal a shift in sentiment and lead to a more sustained rally. For now, monitor trading volumes and market sentiment closely, as these will be key indicators of Bitcoin’s next move.