Gold and Silver Surge on the start in Asia after the opening while Bitcoin Struggle to maintain above the Key support price level. Now traders are keeping there Eyes on most possible targets.
Bitcoin Technical Analysis and Price Forecast:
Bitcoin is struggling to maintain the price above $68,500, consolidating above the support of falling wedge chart pattern. Short Traders are keeping there eyes on $65,000 support if Bitcoin will day close below $65,000 then it could break down multiple Supports ahead. The short target for if bitcoin will lose $65,000 will be $59,000.
Bulls are waiting for $BTC to make a close above $68,500. As CME game is near $84k bulls are expecting from bitcoin to fill this game asap.
Relative Strength Index of Bitcoin is at 30 consolidating above the oversold region. While Moving Average Convergence Divergence is signaling that the bullish momentum ahead as blue line is aiming upward and orange line aiming downward, traders are expecting a bullish crossover in MACD.
Gold Technical Analysis and Price Forecast
Tokenize gold $XAU hit $6B in flow today, Gold is trading $5,100 forming multiple green candles on 4hr timeframe indicating the strong bullish momentum. Gold is Consolidating below at the resistance price of $5,100. Expecting a breakout if it will make a day close above this key psychological resistance then it could extend the pump towards $5,400.
Silver Price Technical Analysis and Price Forecast.
$XAG is trading in Side ways trend, and Silver is getting rejecting from the $86 resistance price. While the Silver holders are targeting the price at least $94. If It keep the rejection continue then the next nearest strong support prices are 76. However If XAG will make a day close above $86 then it could extend the pump to $94.
These are my personal insights now a financial advice.