Why Bitcoin Remained Stagnant While Gold and Silver Surged

Despite a strong rally in gold and silver, Bitcoin has struggled, with traders focusing on key price levels around $87,500 and $90,000.

As gold and silver prices have skyrocketed, Bitcoin has failed to mirror that bullish trend. Traders are honing in on a significant group of bids clustered around $87,500, while persistent selling pressure remains evident beneath the $90,000 mark.

This scenario creates a market dynamic that resembles a tug of war as we approach the end of the month. The struggle between buyers and sellers is likely to influence Bitcoin's price movement in the short term.