So, have you been keeping an eye on Bitcoin lately? It’s kind of stuck right now. While gold is out here flexing with a nearly 5% gain just this week, Bitcoin’s been sort of... meh. It couldn’t even hold above $95K and now it’s hovering around $93,800. Traders are saying it’s in this weird limbo, and it’s starting to look like it might dip even lower — possibly into that $90K or even high $80K range. Nothing’s really moving much in the crypto world right now, and that’s got people scratching their heads.
Meanwhile, gold’s doing its thing — it was up 1.5% just today, and a lot of that has to do with broader market stuff. The dollar’s staying low, and currencies like the Taiwanese dollar are on the rise. That, plus all the geopolitical drama and talk of US trade diplomacy, is pushing people toward gold as a “safe haven.” Bitcoin, on the other hand, isn’t following that same safe haven narrative, at least not yet.
Some folks still think BTC could play catch-up though. Remember in April when both Bitcoin and gold popped off together? BTC jumped 12% while gold gained 15%. So there's a theory that Bitcoin might lag behind but eventually follow gold's lead again.
On the technical side, it’s a bit of a mixed bag. The weekly MACD is showing a bullish signal — that’s a momentum indicator — but the daily one looks bearish, which might mean we’re slowing down short-term. Traders are saying BTC is just kind of chilling between last week’s highs and lows, waiting on the Fed meeting tomorrow and what Jerome Powell has to say about interest rates.
Oh, and one analyst said he wouldn’t be surprised if Bitcoin dips to the $88K–$90K range this week. He sees $91.6K as a decent target to keep an eye on — it lines up with the 21-day moving average. So yeah, it's a bit of a wait-and-see game right now. Gold's in the spotlight, and Bitcoin's just... lurking in the shadows for the moment.