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Bitcoin Price Prediction: Gold Hits New Record High as BTC Slips – Are Investors Ditching Risk for Safety?

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Gold hits an all-time high as Bitcoin wobbles, additional widening the hole between conventional safe-havens and digital currencies. Bitcoin is at the moment at $113,744 with a 24-hour quantity of $53.4 billion, up 2.4% on the day however nonetheless struggling to regain its footing after Tuesday’s massive sell-off.

The transfer raises a crucial query: Are traders shifting away from threat property, such as crypto, and again towards gold as geopolitical tensions escalate?

Geopolitics Push Investors Into Gold

Markets have been shaken after Israel launched an unprecedented strike in Qatar concentrating on senior Hamas officers. The escalation rattled international sentiment, sparking a rush into gold and oil whereas Bitcoin, Ethereum, and different cryptocurrencies fell in tandem with equities.

Data from Coinglass highlighted the size of the fallout. Nearly $370 million in leveraged positions have been liquidated inside 24 hours, together with $52 million in only one hour.

Long merchants bore the brunt, with $44 million erased, led by Ethereum at $11.9 million and Bitcoin at $10.5 million. Solana, XRP, and Dogecoin additionally posted losses, with DOGE dropping 3.2%.

Meanwhile, gold surged to a brand new report high and oil rose by $1 per barrel, reflecting the basic “flight to security” habits throughout crises. Correlation information exhibits Bitcoin’s 30-day rolling correlation with gold has turned unfavorable, busting the “digital gold” narrative.

Key takeaways:

  • $370M in crypto liquidations inside 24 hours
  • Gold hit a report as geopolitical dangers spiked
  • Bitcoin tracked threat property fairly than secure havens

Bitcoin’s Safe-Haven Challenge

The hole between Bitcoin and gold exhibits a credibility hole. Gold’s rally proved it’s a trusted hedge, whereas Bitcoin’s intraday decline was extra like high-beta threat property.

Traders are shifting away from unstable tokens into stablecoins and money, and Bitcoin has but to ascertain a safe-haven standing in occasions of disaster.

Analysts argue that till institutional confidence deepens, Bitcoin will stay extra correlated with equities than with conventional hedges. The speedy response to the Doha strike demonstrated that geopolitical stress nonetheless pushes crypto into risk-off territory, even as institutional flows into ETFs proceed to develop.

Technical Outlook for Bitcoin (BTC/USD)

Despite the macroeconomic chaos, the technicals stay bullish. The two-hour chart is a basic ascending triangle, with greater lows pushing towards resistance at $113,800.

Momentum indicators are in favor: RSI is above 64, and the 50-SMA at $111,606 is rising in direction of the breakout zone. The 200-SMA at $112,716 provides a supportive layer beneath present worth motion.

Bitcoin Price Chart – Source: Tradingview

If Bitcoin holds above $113,800, upside targets embody $115,400, $117,150, and $118,600. A extra decisive breakout may prolong to $125,000 within the medium time period.

However, failure to maintain above $112,000 dangers a retracement towards $111,000, $110,000, and presumably $108,450. Bearish candlestick alerts, such as an engulfing sample or three-black-crows sequence, would validate a reversal.

For merchants, the roadmap is obvious: lengthy positions are favored above $113,800 with stops beneath $111,000 and revenue targets between $117,000 and $125,000. With institutional demand rising and technicals pointing to energy, Bitcoin might but stage a restoration.

If momentum holds, this consolidation may show the bottom for a rally that carries BTC nearer to the $130,000 milestone—reminding traders that its long-term supercycle stays intact regardless of short-term shocks.

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By combining BTC’s unmatched safety with Solana’s high-performance framework, the undertaking opens the door to completely new use circumstances, together with seamless BTC bridging and scalable dApp growth.

The group has put robust emphasis on belief and scalability, with the undertaking audited by Consult to present traders confidence in its foundations.

Momentum is constructing rapidly. The presale has already crossed $14.8 million, leaving solely a restricted allocation nonetheless accessible. At as we speak’s stage, HYPER tokens are priced at simply $0.012885—however that determine will enhance as the presale progresses.

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The put up Bitcoin Price Prediction: Gold Hits New Record High as BTC Slips – Are Investors Ditching Risk for Safety? appeared first on Cryptonews.

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