BITCOIN continued to hold firm near the $88,000 level during early Asian trading, showing resilience as Asian equity markets advanced, supported by positive momentum from Wall Street. This steady price action suggests that Bitcoin is currently in a consolidation phase, with buyers and sellers finding temporary balance after recent volatility.
At the same time, gold and silver surged to record highs, fueled by growing expectations of US interest rate cuts and renewed geopolitical tensions. traditionaly strong moves in precious metals signal rising demand for safe-haven assets, a narrative that increasingly overlaps with Bitcoin’s long-term positioning as “digital gold.”
However, the macro backdrop remains complex. #US disinflation is progressing, but unevenly, keeping the Federal Reserve cautious about the timing and pace of rate cuts. This cautious stance limits aggressive risk-taking in the short term, which could cap Bitcoin’s upside temporarily.
Looking ahead, Bitcoin’s medium-term outlook remains closely tied to macro signals, particularly inflation data, Fed guidance, and global liquidity conditions. Stability at these levels may be laying the groundwork for the next decisive move.
