Bitcoin held below $90,000 at Friday’s Wall Street open as gold and silver rose toward historic thresholds, driven by rising demand for safe-haven assets. Data from TradingView showed sideways BTC price action while gold approached $5,000 per ounce and silver neared $100.
Traders eyed the 2025 yearly open near $93,500 as a key upside target and noted a nearby gap in CME Group futures that could attract price. Crypto Tony wrote that his bullish view “still has our going down overall to $75,000 – $70,000 region, but we revisit $100,000 first,” and added “A tap of $85,000 would present the best long opportunity. IF WE HOLD.”
Markets recently filled a gap at $88,000 before rebounding, while liquidation interest clustered above the spot price. Monitoring service CoinGlass showed thick liquidation levels at about $88,300 and $90,100 on major venues.
Michaël van de Poppe warned that losing $86,800 could prompt a test of lower levels and noted the importance of $91,000. In an X post he wrote “On the other hand, a crucial level is found at $91K. Break that & we’ll see a strong surge.”
Charles Edwards of Capriole Investments forecasted a much higher gold range between $12,000 and $23,000 over three to eight years, citing central bank buying. His full analysis is available on Capriole’s Substack. (Ed. note: gold’s monthly RSI hit its strongest overbought reading since the 1970s.)
