Bitcoin (BTC) has rebounded above $80,000 on Monday, while Gold (XAU/USD) has climbed above the key $4,000 mark. Both assets are seeing modest gains, with BTC up 0.34% and XAU up 0.64%, amid low volatility as traders position ahead of the Federal Reserve’s decision on Wednesday and major tech earnings releases.
Traders are widely expecting the Fed to hold interest rates steady in the 3.75%-4.00% range, with a 91% chance of a pause according to CME Group’s FedWatch Tool. This anticipation is contributing to a cautious but stable tone across risk assets, including cryptocurrencies and gold.
Yusuf Fakhro, Partner at ARP Digital, noted that market participation is extremely low, with thin volumes and subdued leverage. He observed that holders are refusing to sell at current levels, a pattern often seen in past bottoming phases rather than tops. Gold is also trading in a tight range above $4,000, reflecting a waiting game ahead of the Fed announcement.
Technical analysis shows Bitcoin trading at $80,454, caught between short-term resistance at the 50-day EMA ($80,812) and support near the SuperTrend line ($79,664). The RSI is weak but not oversold, while the MACD suggests fading downside momentum. For gold, the near-term bias remains bearish, with resistance at $4,074 and key moving averages overhead.