Bitcoin Eyes Key Breakout as Gold, Silver Set Post-Christmas Records
The post Bitcoin Eyes Key Breakout as Gold, Silver Set Post-Christmas Records appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) aimed for $90,000 on Boxing Day as precious metals set yet another all-time high. Key points: Bitcoin seeks a retest of $90,000 as TradFi markets return after the Christmas break. Gold and silver waste no time in setting new all-time highs, continuing their historic bull run. BTC price action attempts to ditch a downtrend in place since October. Bitcoin traders look to options expiry relief Data from TradingView showed BTC/USD was up more than 2% on Friday, with the Asia trading session sustaining the upside. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Ahead of the Wall Street open, traders eyed a giant Bitcoin options expiry event worth almost $24 billion. As Cointelegraph reported, this was viewed as a chance for the market to reset, paving the way for price strength. “As these contracts roll off, the hedging pressure that’s been keeping price compressed starts to disappear,” trader BitBull commented in a post on X. “After that, price action reflects real positioning again, not derivatives mechanics. That’s when direction usually becomes clearer.” Total BTC options open interest (screenshot). Source: CoinGlass BitBull described recent BTC price action as lacking an “organic” component thanks to the influence of options. Crypto trader, analyst and entrepreneur Michaël van de Poppe said that he saw conditions for crypto improving after the new year. “January is a period where asset managers are reallocating their assets. If you look at most of the charts, where would you go?” he wrote on X. “For sure, nothing in commodities, they are well due for a correction. For sure, not tech stocks, as they are already on a tear and risk is relatively high. But yes, indices are still fine, and mostly, it’s Crypto and Bitcoin.” XAG/USD one-hour chart. Source: Cointelegraph/TradingView Van de Poppe referred to outperformance on both gold and…
Filed under: News - @ December 26, 2025 10:18 pm