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Bitcoin Price Prediction: BTC Slips to $78K as Gold and Silver Crash – Is the Sell-Off Over?

Bitcoin is buying and selling shut to $78,000, persevering with a pointy correction that has occurred alongside heavy promoting in gold and silver. The timing stands out as a result of all three belongings are falling collectively in a transparent risk-off market, pushed by a stronger US greenback, unwinding of leveraged positions, and altering expectations for US financial coverage.

Bitcoin’s drop comes after a unstable January. Gold and silver are additionally falling after historic rallies that accelerated at the finish of the yr. This synchronized decline factors to broad de-risking, not simply weak spot in a single asset.

Bitcoin News: Liquidations and Policy Shifts Pressure BTC

Bitcoin has dropped about 6 to 7% in the final 24 hours, briefly reaching the $76,000 to $77,000 vary throughout low weekend buying and selling. Over $1 billion in leveraged positions have been liquidated throughout crypto markets, dashing up the decline.

Several components are hurting market sentiment:

  • Reduced expectations for ultra-loose US coverage following President Trump’s nomination of Kevin Warsh as Fed chair
  • A firmer US greenback pressuring threat belongings
  • Ongoing geopolitical uncertainty, together with US-Iran developments
  • Continued ETF outflows and institutional de-risking

Bitcoin’s status as “digital gold” is being questioned as a result of it’s falling together with conventional secure havens, reasonably than transferring in another way from them.

Bitcoin Technical Analysis: Can BTC Hold $78K Support?

Technically, Bitcoin price prediction is strongly bearish as BTC is at a key turning level. The day by day chart exhibits BTC dropping beneath a long-term downward trendline, which implies sellers are nonetheless in management. The current try to rebound towards $98,000 was firmly stopped beneath the 100-day and 200-day EMAs, beginning a brand new downward transfer.

The value is now again in the $80,400 to $78,300 vary, which was beforehand a double-bottom base. Returning to this space will increase the threat that the sample will fail as a substitute of transferring greater.

Bitcoin Price Chart – Source: Tradingview

Momentum continues to be weak. The RSI has dropped beneath 30, which implies the market is oversold, however there isn’t a signal of a bullish reversal. In trending markets, this normally means the development will proceed as a substitute of reversing.

There are two predominant potential situations:

  • A reduction bounce towards $84,000–$86,000, the place damaged help and the descending trendline now act as resistance
  • Failure to reclaim that zone, opening draw back towards $75,800, then $71,600 if promoting accelerates

For a optimistic restoration, Bitcoin would want to keep above $78,000, then type a better low and transfer again above $86,000. This may open the method to $94,000 afterward.

Gold and Silver: Record Rallies Meet Violent Reversals

Gold and silver have additionally dropped sharply after large good points. Gold went above $5,500 per ounce however has now fallen again to the $4,800 to $4,900 vary due to profit-taking and a stronger greenback. Silver, which rose previous $120, has dropped much more, falling to the $80 to $85 vary as merchants closed out speculative positions.

While each metals stay effectively above early-2025 ranges, the pace of the reversal highlights how crowded the commerce had turn out to be.

Outlook: Volatility First, Opportunity Later

Right now, Bitcoin is resetting its construction, clearing out leverage and testing long-term demand. If it stays above $78,000, a broader restoration may begin. If not, decrease costs might come earlier than confidence returns.

In markets this unstable, endurance is usually extra useful than attempting to predict what’s going to occur subsequent.

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As Bitcoin exercise climbs and demand for environment friendly BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s greatest ecosystems. If Bitcoin constructed the basis, Bitcoin Hyper may make it quick, versatile, and enjoyable once more.

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The submit Bitcoin Price Prediction: BTC Slips to $78K as Gold and Silver Crash – Is the Sell-Off Over? appeared first on Cryptonews.

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