Bitcoin Between Consolidation and Recovery:Gold and Silver Shine in an Unstable Market, Michael Saylor’s New USD Reserve and Cautious Strategy
Bitcoin: From $80,000 Support to the $92,000 Challenge
The king of cryptocurrencies, Bitcoin (BTC), went through a turbulent November, dropping 16% and testing seven-month lows around $80,000–$85,000. This level acted as solid support, where institutional accumulation pushed back further declines, forming a “higher low” near $84,000. Currently, BTC is trading around $86,000–$87,000, in a consolidation phase between support at $83,000 and resistance at $91,800.Analysts like Michaël van de Poppe warn that a break below $83,400 could drag the price toward $81,000, but a rebound above $88,000–$89,000 would open the door to a recovery toward $92,000–$93,000, with potential short-term targets at $100,000. Tom Lee of Fundstrat views this pullback as merely a consolidation phase within a macro bull market, forecasting a return above $126,000 by early 2026. Declining liquidity and stress in derivatives are contributing to caution, but the bias remains bearish short-term, neutral medium-term, and bullish long-term as long as the $81,000–$83,000 corridor holds.December projections suggest a range between $80,000 and $96,000, with a potential peak at $110,000 if an upside breakout occurs. In a market shaken by recession fears and expected Fed rate cuts, Bitcoin looks like an asset to accumulate for long-term holders.
Gold and Silver: Safe Havens in Turbulent Times
While cryptocurrencies struggle, precious metals are having a record year. Gold has gained more than 60% in 2025, hitting peaks above $4,100 per ounce, driven by persistent inflation, record central bank purchases, and an uncertain economic outlook. Morgan Stanley forecasts the price could reach $4,500 by mid-2026, thanks to strong physical demand from ETFs and institutions.Even more impressive is silver’s rise: up 95% year-to-date and above $50 per ounce for the first time since 2011, outperforming even the S&P 500. Key drivers include scarce inventories, industrial demand for solar, EVs, and AI, and its status as a “critical mineral” encouraging strategic stockpiling. The gold-silver ratio around 85:1 suggests silver remains undervalued, attracting value-seeking investors.In an unstable market marked by U.S.-China trade tensions, geopolitical risks, and currency volatility, these assets serve as accessible safe havens. Expectations of a Fed rate cut in December reinforce the trend, although risks like a stronger dollar could trigger temporary corrections. For 2026, forecasts point to a volatile but upward trend, with gold potentially reaching $5,000.
Michael Saylor and Strategy: USD Reserve, Smaller Purchases, and an Unshakable Stance on Bitcoin
Michael Saylor, the icon of Bitcoin maximalism, is navigating the storm with caution. Strategy has established a $1.44 billion U.S. dollar reserve to cover dividends and interest payments, funded by a $1.478 billion share sale. Saylor described this move as “the next step in our evolution” to manage volatility, covering 21 months of obligations while complementing the company’s “BTC Reserve,” which now holds 650,000 Bitcoin (3.1% of total supply), acquired at an average price of $74,436.Compared to past aggressive buying, the latest purchase was modest: just 130 BTC for $11.7 million, signaling caution in a declining market. MSTR stock has plunged 57% since October, with a $45.7 billion market cap now below the net value of its Bitcoin holdings ($55.9 billion).On selling, Saylor remains firm: “We will not sell Bitcoin unless absolutely necessary,” reiterating that the company would only liquidate in extreme conditions — such as a market-adjusted net asset value (mNAV) below 1 or to meet obligations during a prolonged bear market. CEO Phong Le confirmed that in such scenarios, the company could sell appreciated BTC to pay dividends and then repurchase more later, preserving Saylor’s “never sell your Bitcoin” mantra. Despite criticism — such as from Peter Schiff, who calls the model “broken” — Saylor still predicts BTC at $21 million within the next 21 years, implying a 24,600% upside.
Conclusion: Opportunities Amid the Storm
2025 is closing with unstable markets but clear opportunities: Bitcoin is consolidating for a potential breakout, gold and silver are protecting capital, and figures like Saylor are proving resilience. For investors, the message is clear: in a volatile world, diversification and long-term vision are the keys to success. It remains to be seen whether the Fed will cut rates in December, but one thing is certain: the era of digital and precious assets has only just begun.
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