Gold Surges Above $4,600 as Bitcoin Rebounds but Remains Constrained
- Gold Hits Record High: Spot gold surged to a record high of $4,600.33 per ounce on January 12, 2026, driven by heightened geopolitical and economic uncertainty, indicating a strong demand for safe-haven assets that may prompt investors to reassess its importance in asset allocation.
- Bitcoin's Lagging Rebound: Although Bitcoin's price rebounded to around $91,645, its performance remains constrained by ETF and derivatives market structures, reflecting a cautious market attitude towards Bitcoin as a high-volatility store of value compared to gold.
- Impact of Policy Risk: The criminal investigation facing Fed Chair Jerome Powell has raised market concerns about central bank independence, further boosting gold demand, while Bitcoin's inability to rise in tandem highlights the differing responses of the two assets in risk scenarios.
- Liquidity Conditions as a Key Factor: Gold can still rally under tightening liquidity conditions, whereas Bitcoin is more sensitive to the marginal buyer's cost of capital, suggesting that future price movements will depend on improvements in liquidity conditions and stabilization of market sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
About BTC
About the author
