- Bitcoin traded below $90,000 at the Wall Street open while Gold and silver neared key psychological levels.
- Price action for BTC remained sideways, with traders eyeing the 2025 open at $93,500 and nearby CME futures gaps.
- Analysts flagged liquidation clusters near $88,300 and $90,100 as U.S. trading began.
- Charles Edwards projected gold could reach $23,000 per ounce within several years amid strong central bank buying.
- Gold hit $4,967 per ounce overnight, and silver approached $100, signaling rising demand for safe-haven metals.
Bitcoin stayed under $90,000 at Friday’s Wall Street open as precious metals pushed to multi-decade highs. Market data from TradingView showed little directional movement for BTC/USD while gold and silver moved toward landmark prices. Traders and analysts pointed to futures gaps, liquidation clusters, and key support and resistance levels as drivers of the current range-bound action.
Crypto Tony outlined a scenario in which BTC first revisits $100,000 before dropping to the $75,000–$70,000 region, noting a nearby CME futures gap near the 2025 open at $93,500 in his latest analysis. “So my bullish outlook still has our going down overall to $75,000 – $70,000 region, but we revisit $100,000 first,” he wrote. He added that a tap of $85,000 would be the best long opportunity, conditional on that level holding.
Market trackers reported that BTC had filled an open gap at $88,000 before rebounding. Data from CoinGlass showed concentrated liquidation levels near $88,300 and $90,100 as U.S. trading began, and traders warned that losing $86,800 could prompt a test of recent lows. CoinGlass provided the liquidation heatmap cited by market participants. Michaël van de Poppe noted that breaking $91,000 would likely trigger a strong surge and warned about the downside if $86,800 fails to be reclaimed. “On the other hand, a crucial level is found at $91K. Break that & we’ll see a strong surge,” he said.
Safe-haven metals drew most headlines as gold reached $4,967 per ounce overnight and silver neared $100. In a blog post by Capriole Investments, Charles Edwards highlighted strong central bank buying and wrote, “We have record high Central bank gold accumulation. China has 10Xed their gold stack in the last 2 years alone,” and added, “We have an incredible 10.5% fiat money supply inflation per year, ratcheting up asset prices.” He projected gold could trend between $12,000 and $23,000 over the next three to eight years.
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