Bitcoin Price Prediction: BTC Slips to $78K as Gold and Silver Crash – Is the Sell-Off Over?

Bitcoin is trading close to $78,000, continuing a sharp correction that has happened alongside heavy selling in gold and silver. The timing stands out because all three assets are falling together in a clear risk-off market, pushed by a stronger US dollar, unwinding of leveraged positions, and changing expectations for US monetary policy.

Bitcoin’s drop comes after a volatile January. Gold and silver are also falling after historic rallies that accelerated at the end of the year. This synchronized decline points to broad de-risking, not just weakness in one asset.

Bitcoin News: Liquidations and Policy Shifts Pressure BTC

Bitcoin has dropped about 6 to 7% in the last 24 hours, briefly reaching the $76,000 to $77,000 range during low weekend trading. Over $1 billion in leveraged positions have been liquidated across crypto markets, speeding up the decline.

Several factors are hurting market sentiment:

Reduced expectations for ultra-loose US policy following President Trump’s nomination of Kevin Warsh as Fed chair A firmer US dollar pressuring risk assets Ongoing geopolitical uncertainty, including US-Iran developments Continued ETF outflows and institutional de-risking

Bitcoin’s reputation as “digital gold” is being questioned because it is falling along with traditional safe havens, rather than moving differently from them.

Bitcoin Technical Analysis: Can BTC Hold $78K Support?

Technically, Bitcoin price prediction is strongly bearish as BTC is at a key turning point. The daily chart shows BTC dropping below a long-term downward trendline, which means sellers are still in control. The recent attempt to rebound toward $98,000 was firmly stopped below the 100-day and 200-day EMAs, starting a new downward move.

The price is now back in the $80,400 to $78,300 range, which was previously a double-bottom base. Returning to this area increases the risk that the pattern will fail instead of moving higher.

Bitcoin Price Chart – Source: Tradingview

Momentum is still weak. The RSI has dropped below 30, which means the market is oversold, but there is no sign of a bullish reversal. In trending markets, this usually means the trend will continue instead of reversing.

There are two main possible scenarios:

A relief bounce toward $84,000–$86,000, where broken support and the descending trendline now act as resistance Failure to reclaim that zone, opening downside toward $75,800, then $71,600 if selling accelerates

For a positive recovery, Bitcoin would need to stay above $78,000, then form a higher low and move back above $86,000. This could open the way to $94,000 later on.

Gold and Silver: Record Rallies Meet Violent Reversals

Gold and silver have also dropped sharply after big gains. Gold went above $5,500 per ounce but has now fallen back to the $4,800 to $4,900 range because of profit-taking and a stronger dollar. Silver, which rose past $120, has dropped even more, falling to the $80 to $85 range as traders closed out speculative positions.

While both metals remain well above early-2025 levels, the speed of the reversal highlights how crowded the trade had become.

Outlook: Volatility First, Opportunity Later

Right now, Bitcoin is resetting its structure, clearing out leverage and testing long-term demand. If it stays above $78,000, a broader recovery could start. If not, lower prices may come before confidence returns.

In markets this volatile, patience is often more valuable than trying to predict what will happen next.

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