Top 3 Price Prediction Bitcoin, Gold, Silver: Support Levels Wear Thin Ahead of Tariffs Day in Court

Bitcoin (BTC) and commodity safe havens like Gold (XAU) and Silver (XAG) are approaching critical support levels, leaving traders and investors on edge. Analysts predict further volatility, especially with the Supreme Court's upcoming decision on the legality of Trump's tariffs set for Wednesday. As markets brace for these events, uncertainty looms large.

Bitcoin continues to decline, having retracted to the $103,000 range on Tuesday. Analysts warn that breaking below the $100,000 psychological level is increasingly likely. From a technical standpoint, bearish pressure dominates, with yellow (bearish) volume profiles surpassing grey (bullish) profiles. Additionally, the RSI (Relative Strength Index) indicates weakening buying momentum, as it records lower highs.

Should Bitcoin close below $100,300, the midline of a demand zone between $102,120 and $98,200, the downtrend could intensify. In this scenario, BTC may extend its decline to $93,708, a potential inflection point where late bulls could re-enter the market. However, history suggests that when RSI nears 35, a bounce and subsequent price recovery often follow. A decisive move above $111,999 and $117,552, or ideally beyond $123,891, would suggest the possibility of new all-time highs.

Gold slipped below the $4,000 psychological level on Tuesday as expectations for more Fed rate cuts in 2025 waver. Fed officials have pushed back against another rate cut in December, after the reduction hinted by Powell last week might be the final one for the year.

Current CME FedWatch Tool data shows a 69.9% probability of rates being kept within the range of 3.50%-3.75%, while the probability of holding rates steady at 3.75%-4.00% has grown. Amid this backdrop, Gold's price fell after breaching the symmetric triangle's lower trendline, setting a bearish tone. Support at $3,938 is crucial; a 4-hour candlestick close below $3,915 could initiate an extended downtrend, taking prices as low as $3,886. However, breaking above $4,061 on the 4-hour chart would make Gold an attractive buy again.

Silver (XAG) is heavily influenced by Gold's price movement, with the potential to drop to $46.24, marked by the 38.2% Fibonacci retracement level. Overhead pressures from resistance between the 50-day SMA at $48.08 and the 100-day SMA at $49.76 weigh on its price, pushing it below the golden zone’s midpoint at $47.82.

If support at $46.24 fails, the next buying opportunity could emerge at $44.30, coinciding with the 23.6% Fibonacci level. On a brighter note, momentum is rising as the RSI tips north, suggesting a potential bullish reversal. A crossover of the RSI above its signal line could attract more buyers, possibly flipping $47.82 into support and driving prices upward.

The broader financial markets, including Bitcoin, Gold, and Silver, are on edge ahead of 'Tariffs Day in Court', increasing the risk of heightened volatility. While Bitcoin hovers near crucial psychological levels, Gold and Silver are equally under pressure amid wavering sentiment around rate cuts and technical breakdowns. Analysts advise close monitoring of price action and momentum indicators for potential entry or exit signals in the coming days.