Adam Back: AI Bubble Burst to Rotate Capital Into Bitcoin

Adam Back warned the AI bubble is about to burst and trigger capital rotation into Bitcoin, noting profits from names like SpaceX will flow back to BTC.

Price action on the 4-hour chart shows BTC trading inside the Bollinger Bands with upper resistance at $65239.81 while the MACD death cross at -369.89 locks in the bearish trend below the EMA50 support at $63768.58, pointing to a healthy retracement before any sustained breakout. Traders tracking BTC price prediction models now weigh the AI industry impact on liquidity flows alongside historical capital rotation into Bitcoin during prior tech corrections.