A weekly close above $4,100 would confirm a breakout and signal further upside. The prior breakout from the symmetrical triangle pattern, followed by a strong rally within the ascending broadening wedge, indicates that gold remains in surge mode. A decisive break above $4,100 would likely extend the bullish momentum and push prices even higher.
Bitcoin Rally Accelerates as Crypto Policy Tailwinds Meet Dollar Debasement Fears
Bitcoin has broken the key level of $120,000, initiating a rally toward the $140,000 resistance zone. This bullish momentum is driven by renewed optimism around crypto-friendly U.S. policy and growing concerns over dollar debasement.
The growing adoption of Bitcoin among major institutions has increased awareness and induced strong buying pressure in crypto assets. As the U.S. continues to run high deficits and political dysfunction intensifies, trust in traditional assets weakens. Bitcoin’s decentralized nature makes it an attractive alternative during times of financial stress.
The daily chart for Bitcoin shows prices trading within an ascending broadening wedge pattern. The breakout above the $73,000 and later the $105,000 levels, followed by strong consolidation above the $105,000 area, indicates that Bitcoin may continue to surge toward $140,000, which stands as the next immediate resistance level.