Bitcoin $BTC , Gold $XAU and Silver $XAG plunged heavily due to the USA and Iran conflicts. Bitcoin dropped more than 50% from the ATH to $60,000 , Gold XAU price drop nearly 20% and silver price dropped to $64 almost 50% from the top just in a week.
Bitcoin Technical Analysis and Price Forecast:
Bitcoin Price drop more than 50% from the all time high form on 6th October 2025, At the time of writing this bitcoin is trading near $675,000 making a pullback from the key psychological support price level of $60,000 drawn from the top of 13 March 2024.
If Bitcoin will make a daily close above $68,000 then it could extend the gains above $73,000. And if Bitcoin will close a day below $63,000 then it could extend the decline to $58,000.
The Relative Strength Index RSI is at 21 in over sold region aiming upward indicating that the price could surge on short term. While MACD is showing the strong bearish momentum in Bitcoin.
Gold XAU Technical Analysis and Price Forecast:
XAU started facing decline on Wednesday from $5,100 and now today the price of gold dropped to $4,600 nearly 20% down from the top due to the global tension cause by Iran and USA. However the Price of Gold is making a pullback from the key psychological support price level of $4,600. At the time of writing the Gold is trading near $4,850.
If the Gold will make a day close above $4,900 then the price could continue surge to $5,100 again, however a day close below $4,820 then gold could extend the decline towards $4,600.
The Relative Strength Index RSI on daily timeframe is at 52 higher then the level of neutral aiming upward indicating that the bearish momentum is fading away. while MACD orange line is above blue moving parallel indicating that the price could go sideway.
Silver XAG Technical Analysis and Price Forecast:
The month of January has always been bad for Silver, the Price of silver crashed nearly 40% in a single day. The Price of silver recovered again on Wednesday above 90$ but could not breakout the resistance price level due to the on going conflicts. Today Asia opening the price of Silver dropped to 64$ almost 50% down from the recently from all time high. At time of writing this silver is trading near 74$. it will make a day close below 70$ then the price of silver could extend the decline to 54$.
P.S not a financial advice do your own research.
