Bitcoin: 1928 Cycle Echoes Delinquency Surge

Bitcoin and the broader crypto market sit at the edge of a historic tipping point, according to trader Michaël van de Poppe. He draws direct parallels between today and 1928, arguing the financial system is in its final innings with one to two years of asset euphoria still ahead.

Credit-card serious delinquencies climbed to 13.1% in Q1 2026, the highest reading since late 2010, while auto-loan delinquencies reached a record 5.6%. Van de Poppe warns that renewed retail buying of properties, watches and altcoins will accelerate capital flight on-chain, collapsing the legacy system once even a fraction of liquidity rotates into BTC.

Technical Confluence on the 4H Chart

Price currently trades at $76480.16 inside the Bollinger Bands, testing the upper resistance at $78897.84 while the 50-EMA at $78629.2 and 200-EMA at $77358.91 both act as overhead resistance. The MACD death cross at -735.33 keeps the structure bearish, yet RSI at 35.39 leaves room for a relief bounce toward the lower band support at $76107.79 before any deeper move lower. Institutional desks watch for a clean rejection at the 50-EMA confluence as the next high-probability entry for continuation lower.