White gold and the king of crypto under pressure: what does technical analysis predict for 2026

History teaches us to be cautious. Over forty years ago, at the end of 1979, silver showed a similar surge in speculative interest when the premium over the 50-week moving average was equally extreme. Back then, the metal peaked in 1980, but the subsequent decline was ruthless—52% collapse brought the price down to $15.5 per ounce. Today, history may repeat itself.

Silver Sends Alarm Signals

On the last day of the outgoing year, the white metal settled at around $72 per ounce. This means a 73% gain over the medium-term benchmark—the 50-week moving average. Such a gap is extremely rare: since the late 1970s, this kind of divergence has appeared only once. When a technical indicator shows such an abnormal deviation, the market usually seeks a correction.

Bitcoin: Another Scenario, Similar Danger

The situation with Bitcoin is different but potentially no less threatening. The current price is near $91.35K, but relative to the 50-week moving average, the asset is trading at a 13% discount. At first glance, this looks healthier, but technical analysis suggests otherwise: such periods of deficit often precede significant price reversals. Analysts estimate the correction potential at up to 55% in a bearish scenario.

What Does This Mean for Traders

Both assets send mixed technical signals. Silver appears overbought and ready for a pullback, while Bitcoin is in a more vulnerable position despite seeming relatively cheap. Looking ahead to 2026, increased volatility and possible consolidations are expected for both the traditional asset and the leader of the cryptocurrency market.