In my last market review, I made mention that gold might be heading to $4,000 price level or even more. So today, we will look in to the gold market deeply. But before we dive into that, let us first of all make a quick review on Bitcoin market behavior and How it has influenced the performances of other crypto assets.
Image downloaded but edited wiith canva
okay let's take a brief look at the $BTC market and what influence Bitcoin price behavior have had on Altcoins. We will begin this analysis from the beginning of September to the current day.
Bitcoin dropped to $107,254 price level on 1st September. I was really expecting price to drop lower. However, price gain support at this level and slowly moved up to $109,800 price territory, with a quick dropped down to revisit the $107k price territory from where we had a very strong support and increase in volume as market quickly moved up to $110,700 price level, breaking the previous highs at $109,800 showing of strength.
On the 02,Sept,25, price dropped from $110 price territory to $108k, but quickly rejected this territory with an increased in volume to the upside. Following the bullish leg, $BTC touched $112,500 price level again after being down for complete 4 (four) days.
However at that level, price displayed signs of weakness, $BTC price dropped down back to $109k price territory. We found an increase in buy volume at $109k price level forming a bullish leg that took the price to $113,386. However, at $113k price level we had too many sellers coming into the market, price dropped impulsively sending us into a sale program. currently as at the time of writing, price was at $110,699.
Bitcoin price is currently displaying conflicting trends with short term fluctuations and unclear direction. If price breaks below $104,800 price level, then price will definitely drop to $98,200 price level. If that happens, then $BTC will continue the bearish move to $92k price level.
But if price breaks $117k price level to the upper territory, then we have a higher probability that price might record new ATH (all time highs).
Well, $BTC price fluctuation has really influenced alt tokens, currently all crypto tokens seems to be down with just only few tokens that are not really affect by Bitcoin price volatility; BNB, TRX ADA and BCH (Bitcoin cash). These crypto assets are not really affected by Bitcoin impulsive moves.
Altseason is near, we will begin to see major price increment and appreciating values in our portfolio. So keep holding and invest wisely.
I must say that this week has been a very good week for Gold traders and investors as gold price recorded a new ATH at $3,605 price level. We will carefully look at how this moves began.
Gold began a very strong bullish move after short period of bearish trend that lasted for about 12 days, from 10 Aug'2025 to 22 Aug'2025.
Price dropped from $3400 price level to $3,332 price level at the lower territory. This was where we had a very strong impulsive move up as there was increase in buy from followed by a gradual and consistent increase in market price.
From my previous review, I sighted that gold might be heading to $4,000 price level. I saw numbers coming into the market and I quickly sent the signals to my trading channel and Gate.io social. ( Because one can trade both tokenize gold and stocks in the exchange) I should belief that they made good use of the opportunity.
Gold has been displaying signs of strength. We saw it clearly, so it wasn't a surprise when numbers started counting to the upper territory from $3,323 price level. Our first target was at $3452 price level,
while our second target was to see gold take out the the previous ATH at $3,500 price level. I wasn't really sure that gold will hit 5600 price level. So our last target was at $3,533 price level. Until I noticed more increase in demand and buy volume through the help of VWAP trading indicator. currently I am still holding my position on gold ( though the market has closed for the week). I don't know if my community and followers are doing the same, but am sure they must have made good use of the opportunity.
Gold ended the week bullish, although price closed at $3,586.5 price level. I don't know what will happen in the coming week, But Am expecting to see a little price correction there after market will resume the upward move even to $4,000 price level possibly if the bullish momentum sustains.
The above analysis is only made available for educational purposes only and doesn't connote any investment advice. It is possible that the predictions made in this analysis may be totally wrong and market may play out differently, considering how volatile these assets are. Therefore, do not place your investment decisions based on the information found within these analysis. Please! you are totally responsible for your financial decisions, therefore do your own research, that will help build your confidence and you will be in a good position to make better decisions that will align with your financial goals. DYOR! Thanks for stopping by.
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