Bitcoin eyes $90K, bullish trend breakout as gold, silver hit fresh records

💡 DMK Insight

Bitcoin’s struggle near resistance is crucial right now, especially with gold and silver hitting new highs. The correlation between Bitcoin and precious metals often intensifies during market uncertainty, and with gold breaking records, traders might see Bitcoin as a hedge or alternative. If Bitcoin can decisively break above its current resistance, it could trigger a wave of buying, drawing in both retail and institutional investors. Watch for key levels around the resistance point; a breakout could lead to significant upward momentum. However, it’s worth noting that if Bitcoin fails to break this resistance, we might see a pullback, which could shake out weaker hands. Keep an eye on volume during this period—higher volume on a breakout would confirm strength, while low volume could signal a false move. The next few trading sessions will be critical for determining Bitcoin’s direction in relation to these precious metal highs.