BTC accumulates, back to 108,500Plan BTC today: 16 June 2025
Related Information:
The price of gold is nearing its all-time high as tensions in the Middle East escalate, but analysts say they’re doubtful Bitcoin will do the same as investors prioritize other safe-haven assets.
The price of gold rose to $3,450 per ounce on Monday, just $50 shy of its all-time high of just below $3,500 in April, according to TradingView.
The usually slow-to-move asset has gained a whopping 30% since the beginning of the year, catalyzed by US President Donald Trump’s trade tariffs and, more recently, an escalation of military action in the Middle East following an Israeli missile strike on Iran on June 13, which caused Bitcoin prices to fall.
Gold prices have also been linked with inflationary pressures, as it is considered a safe haven and an inflation hedge by investors.
personal opinion:
The crypto market recovered at the beginning of the week after being affected by war news. It will almost certainly continue to maintain the 4.5% interest rate, so it will be difficult to break ATH this week.
Important price zone to consider :
Sell point: zone 108.400 - 108.600 SL : 109.100
Take profit : 107.900 - 107.000 - 106.000
Sustainable trading to beat the market
