Forecast update for Bitcoin -04-11-2026

Crude oil fluctuated in its recent intraday sessions, benefiting from the stability of the current support level at $94.35, which helped the price withstand the surrounding negative pressures. This comes amid the dominance of a steep short-term bearish corrective wave, with continued negative pressure resulting from trading below EMA50, which intensifies the downward pressure. This is reinforced by negative signals emerging from the relative strength indicators.

Silver surged higher in its recent intraday trading, driven by positive signals emerging from the relative strength indicators, which enabled the price to break above the pivotal resistance level at $51.20, which represents the neckline of a positive short-term technical pattern, namely a double bottom formation. This strengthens the chances of extending these gains in the near term, particularly as the price is currently testing EMA50’s resistance, attempting to overcome the resulting negative pressure and resume its corrective upward movement.

Gold surged higher in its recent intraday trading, driven by positive signals emerging from the relative strength indicators. The price broke above the resistance formed by EMA50, gaining additional positive momentum that enabled it to break above the ceiling of a minor descending channel that had constrained its previous short-term trading. This strengthens the chances of extending these gains in the near term.