Bitcoin Stalls Below $90,000 as Precious Metals Hit Record Highs

[madtrader]

Bitcoin (BTC) remained stuck below $90,000 at the start of Friday’s Wall Street session, continuing a sideways trading pattern while gold and silver pushed toward historic milestones. Market data showed BTC struggling to generate momentum as capital flowed into traditional safe-haven assets.

Traders increasingly pointed to downside risks, with bullish Bitcoin price targets becoming less common. Some analysts highlighted key resistance near the $93,500 level, while others warned that failure to hold support in the mid-$80,000 range could open the door to a deeper pullback.

The contrast between Bitcoin’s consolidation and the breakout in precious metals has reinforced caution among crypto market participants.

[johnblockbuster]

btc going sideways while gold rips is not a great look for the digital gold narrative