Bitcoin’s price risks hitting $102,000 again as support weakens, signaling a potential risk to the bull market. Gold reaches a new all-time high while BTC lags behind. BTC selling increased as price metrics showed little sign of rebound, with downside liquidity taken earlier in the day. Traders warn of $102,000 lows coming back into play. If BTC closes below $102,000, concerns arise for the bull run. Gold hits fresh highs, reaching over $4,200 per ounce, as Bitcoin fails to capitalize on macroeconomic tailwinds. Jerome Powell’s speech boosts hopes of another interest-rate cut, contributing to gold’s surge. Bitcoin-gold correlation climbs above 0.85, highlighting synchronized flows between traditional and digital stores of value. QCP Capital questions Bitcoin’s ability to maintain its “digital gold” utility moving forward.

Read more at CoinTelegraph: While Gold Hits All-Time Highs, Bitcoin Slips Under $111,000