The easing trade tensions between Washington and Beijing are strangely affecting safe-haven assets. Bitcoin drops below $112,000, gold nears $4,000, and silver shows signs of weakness. Technical indicators turn bearish as support levels weaken amid capital reallocation.
The partial resolution of US-China trade tensions is reshuffling the deck in safe-haven asset markets. Bitcoin, gold, and silver now display concerning technical configurations suggesting an imminent correction. The geopolitical easing reduces the attractiveness of these defensive assets, traditionally favored during periods of uncertainty, in favor of riskier assets.
The macroeconomic context is evolving rapidly. The trade truce between the United States and China diminishes the risk premium that has supported these safe-haven assets for several weeks. Investors are reassessing their positions, and capital flows are redirecting toward stock and bond markets. This sector rotation mechanically weighs on bitcoin, gold, and silver, whose bullish dynamics are visibly running out of steam.
Bitcoin has been consolidating in an upward trend since mid-October but is encountering strong resistance at $111,999. Sellers are strategically positioning themselves just above this psychological threshold, creating a visible downward pressure zone on the order book. Consequently, a drop to $105,000 is more than likely in the coming hours.
The POC and Order Block located at approximately $111,281 exert downward pressure on the BTC price. As long as the price evolves below this zone, the technical structure remains fragile. Rebound attempts systematically encounter waves of profit-taking, indicating that traders anticipate a continuation of the corrective movement rather than bullish acceleration.
If the bullish trendline breaks, bitcoin could quickly test support at $106,234. A more bearish scenario would even consider an extension down to $101,718, a level corresponding to a historically significant demand zone. Conversely, renewed buying pressure could propel BTC toward $117,552, or even $123,084 in a very bullish configuration. Analyst Ted notes, however, that bitcoin outperformance would require resolution of the U.S. government shutdown.
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After several weeks of rallying supported by geopolitical uncertainty, gold shows obvious signs of technical fatigue. Nevertheless, the price has regained the major POC and support level of $4,000 after bouncing in the demand zone at $3,884.
A short-term rise to $4,110 should be considered if the price maintains this level.
Silver is experiencing a dynamic similar to gold, but amplified by its greater volatility and industrial component. The gray metal certainly benefits from a dual role – safe-haven asset and industrial raw material – but this duality is currently working against it. The trade relaxation should theoretically favor industrial demand, but the reality of order books remains disappointing for now.
From a technical standpoint, silver has also regained its POC but additionally displays an accumulation Order Block below its price, indicating stronger buying pressure than gold. Consequently, Silver could increase by 7% to $52 in the coming days.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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