Variables of gold and cryptocurrency prices: Ongoing analysis with numbers
1. Variables affecting prices
As mentioned earlier, there are common and specific factors affecting both gold and cryptocurrencies:
Gold: It is considered a safe haven in times of crisis, influenced by U.S. interest rates, inflation, the strength of the dollar, and geopolitical tensions.
Cryptocurrencies: They are affected by regulatory and legislative decisions, supply and demand, institutional and speculative participation, technological developments, and media influence.
The relationship between gold and crypto is not fixed: at certain times they move together, while at other times they are opposite based on market risk climates.
2. The updated figures (as of today) for some tools
Gold
Gold recently surpassed the $4,000 per ounce level, a historic rise we have not seen before.
Newspapers and economic sources report that gold first reached about $4,031.54 in London trading.
This rise reflects a significant demand for safe assets amid economic and geopolitical pressures.
Bitcoin (BTC)
Bitcoin is currently trading near approximately $121,917 according to reports from the Economic Times.
Some sources indicate that Bitcoin has recently recorded high figures, but the majority of analyses suggest it is currently within a sideways range.
On the other hand, the relationship between gold and Bitcoin shows a fluctuating correlation; for example, in some monthly periods, the correlation between them is around 0.59 according to the 'rolling correlation' analysis between gold and Bitcoin.
BNB
According to Trading Economics, the price of BNB is currently $1,283.9.
This price reflects what I mentioned about surpassing $1,200, which aligns with the observation I provided.
On the other hand, some other sources that have not been updated may show lower prices, but they are likely inaccurate in the current context.
3. Technical Analysis
Gold
After gold surpassed the $4,000 level, this could form a strong psychological resistance point, which may need a confirmed breakout before continuing to rise.
Potential support could be in the range of $3,700 – $3,900 if a correction occurs.
Indicators such as RSI and MACD may begin to show signs of overbought if the strong rise continues without correction, which could lead to temporary declines.
In the best-case scenario, if the breakout is supported by high trading volume, gold could reach areas like $4,200-$4,500 in the medium term.
Bitcoin
Notable resistance around ~$125,000; if it is firmly broken, the price could target higher levels (e.g., $130,000 or $140,000).
Strong support awaits between $108,000-$115,000; a decline below this could signal a deeper correction.
If the rises are accompanied by weak network activity or low trading volume, the price may be exposed to a temporary decline towards the indicated support levels.
BNB
With the current price (≈ $1,283.9), there may be future resistances around $1,300-$1,350.
Support, if a decline occurs, could be in the range of ~$1,100-$1,200.
It is important to monitor the bullish breakout of resistance with strong trading volume, as a weak breakout may be a 'false breakout' that does not last.
4. Summary and Recommendations
Gold enters a strong phase after surpassing $4,000, and it seems that investors are turning to it as a safe haven amid global economic uncertainty.
Bitcoin is in a cautious phase: a strong upward wave, but any weakness in momentum or retreat from support could lead to a significant correction.
BNB is currently at a high level compared to what was previously mentioned, and it needs to see technical confirmations in upcoming trades to sustain this rise.
Overall, it is advised to balance the portfolio between assets — gold as a stability and safety tool, and cryptocurrencies as growth risk assets.
Additionally, it is important to monitor volume indicators, momentum, and global interest movements, as these are powerful influences that may suddenly change trends.
