As the Bitcoin (BTC) price remains in a sideways range around $87,400 (approximately KRW 126.48 million), the record-high prices of gold and silver are injecting new life into investor sentiment. The surge in scarce assets like precious metals is reviving Bitcoin's appeal as a macroeconomic hedge against inflation concerns and rising global debt.
Bitcoin currently holds a market capitalization of $1.74 trillion (approximately KRW 2,513 trillion), up approximately 0.8% from the previous day. With a daily trading volume of $21.7 billion (approximately KRW 31.38 trillion), it remains at the center of the digital asset market. While it recently corrected from its high of $94,600 (approximately KRW 136.81 million), the prevailing interpretation is that the current movement is closer to price consolidation, or a rebalancing phase, rather than bearish pressure.
Gold and silver hit record highs, signaling a market turnaround.
The decisive factor that changed market sentiment was the surge in gold and silver. Gold futures (February Gold Futures) once reached a record high, surpassing $4,530 (approximately KRW 6.55 million) per ounce, and spot prices were trading around $4,491 (approximately KRW 6.49 million). Silver also set a new all-time high, surpassing $71 (approximately KRW 102,672).
Several common factors lie behind these trends. These include the potential for an AI-driven stock market bubble, uncertainty surrounding the next leadership of the US Federal Reserve, and concerns about long-term currency devaluation. In particular, the strong rise of gold as a store of value suggests that Bitcoin could also attract attention based on the same logic.
Market analysts believe the gold price rally is far from over. If global debt continues to spiral out of control, investment demand could naturally shift from gold to Bitcoin.
Bitcoin Technical Analysis: Stable Sideways Movement Within a Descending Channel
Technically, Bitcoin is currently moving within a descending channel on the 4-hour chart, continuing its correction. The price is currently experiencing repeated support and resistance levels centered around the pivot zone near $87,800 (approximately KRW 127.05 million). Although it is falling below key moving averages, the 50 EMA ($87,980) and the 100 EMA ($88,610), the downward momentum is noticeably slowing.
The "spinning top" and "doji" patterns on the candlestick chart indicate a directionless stagnation, not a sell-off. The RSI (Relative Strength Index) is stabilizing above the oversold zone at the 46 level, further supporting weakening downward pressure. A classic "falling flag" pattern is emerging, suggesting the possibility of an upward breakout.
What's next? Bitcoin is gaining traction following the precious metals rally.
If Bitcoin breaks above $88,600 (approximately KRW 128.1 million), it could move to $90,500 (approximately KRW 130.97 million), then $92,650 (approximately KRW 133.99 million), ultimately attempting to break above its previous high of $94,600. Conversely, if it fails to reclaim key support levels, it could fall to $86,300 (approximately KRW 124.78 million), with strong buying expected at $83,800 (approximately KRW 121.04 million).
Ultimately, as long as gold and silver continue their rally as havens for defensive funds, the analysis that Bitcoin can also initiate a significant upward movement based on its identity as "digital gold" is gaining traction.
Maxi Doge: Powering Up the Meme Coin
Meanwhile, in the cryptocurrency market, Maxi Doge is emerging as a new dark horse among memecoins. With its high-energy mascot and community-driven expansion strategy, it has garnered attention, raising over $4.36 million (approximately 6.396 billion won) in a short period of time during its presale.
Beyond mere fun, Maxi Doge encourages real user engagement and ongoing community involvement through rewards competitions and various partnership challenges. $MAXI Token holders can stake to receive daily smart contract-based rewards and access to various on-chain events.
The current token price of $MAXI is $0.0002750 (approximately 0.397 won), and investors are paying close attention as the next price increase is imminent. The structure, which combines marketing and practical utility, represents a significant evolution from typical meme coins.
๐ Market Interpretation
Gold and silver's record highs reflect defensive capital flows against inflation concerns and currency weakness. This trend is likely to spill over to Bitcoin.
๐ก Strategy Points
If Bitcoin breaks above $88,600, it will secure further upside potential. It's time to pay attention to the potential for Bitcoin and precious metals to move in sync.
๐ Glossary
- Falling Flag: A short-term adjustment pattern within a bearish trend, one of the technical structures with a high possibility of a directional breakout.
- Pivot Zone: A price range that usually acts as a support line and resistance line.
- RSI (Relative Strength Index): A technical indicator that indicates the overbought/oversold status of an asset.
๐ก Want to know more? AI-prepared questions for you:
A. Both gold and Bitcoin are "scarce assets," alternative investments that investors seek to protect their assets when currency values are expected to decline. A rise in gold prices could signal a strong possibility that Bitcoin will follow suit.
A. There is analysis that if it breaks through $88,600, there is room for it to rise to $90,500, then to $92,650, and finally to the previous high of $94,600.
A. Maxi Doge encourages user engagement through a robust community activation program and staking rewards, and its unique character and event structure reinforce its brand identity, making it unlikely to end up as a mere fad investment.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
Get real-time news... Go to TokenPost Telegram
Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.
