Bitcoin Struggles Below 100k While Gold Hovers at Record Highs

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Bitcoin Struggles Below 100k While Gold Hovers at Record Highs

• Bitcoin is set to fall 3% this week.
• XAU/USD is on track to book a 6th straight weekly rise.
• Gold has attracted safe-haven flows, and BTC has acted like a tech stock.
• BTC/USD technical analysis.

Bitcoin () continues to struggle below 100k, failing to draw investor enthusiasm, while powered to all-time highs this week.

Bitcoin is set to fall over 3% across the week after its recovery from Monday’s selloff failed to gain traction above the key 100k level. According to CryptoQuant, Bitcoin’s fair value lies around 48k to 95k, meaning that the price remains overvalued at its current level of 97k.

Gold Reaches Record Highs This Week

In contrast, gold is shining, having jumped over 9% year to date, reaching an all-time high of $2882, up 2.3% this week alone. The precious metal is on track to book its sixth straight weekly gain. Gold has soared due to its appeal as a store of value and safe-haven demand amid trade tariff uncertainty.

In the battle of the havens, gold has outperformed. From DeepSeek to trade wars, the markets have been dealing with much uncertainty and volatility over recent weeks. Bitcoin has acted more like a tech stock, while gold has been the safe haven of choice. The question is whether the rally in gold will help to spur gains in BTC/USD, as has historically been the case.

The weekly BTC vs chart highlights the strong correlation between the two assets, with the previous decoupling often resulting in renewed convergence.

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Technical Analysis

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After reaching an all-time high of 109.5k, Bitcoin has been trending lower. While the price recovered from the spike down to 91.5k to above 102.5k, the price failed to hold above 100k, falling 5% in 3 days. The price is testing the rising trendline support dating back to early October.

Sellers, supported by the RSI will look to break below this support, fuelling a deeper selloff towards 90k.

Any recovery would need to retake the 50 SMA and 100k to build towards 105k and 109.5k.

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#Bitcoin #Struggles #100k #Gold #Hovers #Record #Highs

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