Top 3 Price Predictions: Bitcoin, Gold, and Silver Signal a High-Stakes Turning Point

Core Insights - Bitcoin, gold, and silver are expected to experience volatility due to upcoming macroeconomic events, specifically the US CPI report and the anticipated Bank of Japan rate hike [2][3]. Bitcoin Analysis - Bitcoin's price structure indicates a weakening relief rally, having fallen out of an ascending channel after a significant drop from the $126,000 peak [3]. - The current price remains below key moving averages, with the 50-day and 100-day EMAs at $95,601 and $101,022 respectively, acting as dynamic resistance [4]. - The RSI is recovering from oversold conditions, stabilizing in the mid-40s, with a potential buy signal pending if it crosses above its signal line [5]. - The MACD line is above the signal line, suggesting bullish momentum, but sellers are still strong as the indicator remains in negative territory [6]. - A bullish Volume Profile analysis shows significant demand above the $90,000 level, with a need for Bitcoin to break above the ascending channel and reclaim the $100,000 level for a bullish continuation [7]. - The market is currently favoring range-bound recovery trading, with risks of rejection at resistance levels, although early signs of stabilization are noted [8]. Gold Analysis - Gold's 4-hour chart shows a well-defined ascending channel, with the price approaching the all-time high of $4,381 [9].