Bitcoin Eyes Key Breakout as Gold, Silver Set Post-Christmas Records

Bitcoin (BTC) was targeting a retest of $90,000 as traditional finance markets resumed trading after Christmas, coinciding with gold and silver setting new record highs. Traders were anticipating the relief from a nearly $24 billion Bitcoin options expiry, which was expected to remove hedging pressure and allow price action to reflect real positioning. Analyst Michaël van de Poppe suggested that asset reallocation by managers in January favors crypto over commodities or tech stocks, noting the strong performance of gold and silver. Technically, analysts noted that a confirmed daily close breakout above the current resistance could target $95,000, potentially leading toward the $100,000 zone, as BTC attempts to escape a multi-month downtrend.

(Source：Cointelegraph)