Top 3 Price Prediction Bitcoin, Gold, Silver: One Last Buy Opportunity Before US Shutdown Ends?
Bitcoin (BTC), Gold (XAU), and Silver (XAG) are showing bullish trends, possibly marking last buying opportunities for late investors ahead of an expected resolution to the US government shutdown. Congress is set to vote on the shutdown deal this week, and past instances indicate market rallies influenced by increased liquidity following such resolutions. Bitcoin is experiencing a recovery rally and may break resistance levels if momentum continues, though it risks a pullback if resistance at $104,300 holds. Gold is showing a bullish flag pattern, predicting potential gains, although seller pressure could disrupt this trend. Similarly, Silver shows bullish momentum above support levels but risks downward corrections if buying momentum weakens.
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Market Optimism Amid US Government Shutdown
Bitcoin, Gold, and Silver may be presenting final buy opportunities for late bulls ahead of what seems to be a resolution to the US government shutdown. The price actions of BTC, XAU, and XAG reflect widespread optimism among bulls, even as discussions intensify about the end of the longest US government shutdown to date.
US Government Shutdown Resolution Expected
Reports indicate that the US government shutdown could conclude this week, possibly as soon as Thursday, when Congress will vote on the matter.
“Shutdown ending = liquidity shock incoming. Nearly $1 trillion sitting in the Treasury’s account is about to flood back into the economy,” wrote Dan Gambardello, highlighting the potential economic impact of the resolution.
Bitcoin Recovery Shows Momentum
Since bottoming out at $98,944 on November 4, Bitcoin has been steady in its recovery rally, achieving higher highs and higher lows. Key levels include:
- Support: $100,300 (critical)
- Resistance: $104,300, $106,234
The RSI is rising, signaling increasing buyer momentum, while a candlestick close above $108,173 could push Bitcoin toward $111,999. However, a failure to maintain support at $100,300 might result in a 10% drop to $93,708.
Gold Readies for a Bullish Breakout
Gold is forming a bullish flag pattern, a reliable continuation pattern suggesting further upside potential. Key targets for XAU/USD include:
- Immediate target: $4,272 (+3.16%)
- Higher targets: $4,381 (local top)
The RSI at 64 indicates more room for growth, and a fair value gap (FVG) supports the likelihood of reaching or exceeding these levels.
Silver Eyes $52.46 Resistance
Silver price is hinting at further bullish movement, bolstered by the 61.8% Fibonacci retracement level acting as support at $50.96.
- Targets:
- $52.46 (78.6% Fibonacci)
- $54.37 (5% above current)
Despite the RSI being above 80, indicating an overbought condition, momentum remains strong. However, support breakdowns below $50.96 could see Silver plummet to levels like $49.23 or $47.55, representing a significant 8% drop.