Bitcoin: AI Misallocation Emerges as Macro Catalyst

Bitcoin faces one of its largest macro catalysts since Covid as André Dragosch highlights the AI trade heading toward a classic Gartner Hype Cycle reversal and major capital misallocation.

Price sits at $63801.52 inside Bollinger Bands with upper resistance at $65659.81 and lower support at $63016.82. The 4h structure remains bearish as price trades below both EMA50 at $64489.63 and EMA200 at $63890.01 while MACD prints a death cross at -293.84 and RSI holds neutral at 42.33; this confluence points to near-term exhaustion at the upper band before any test of the 50-EMA resistance zone, shaping near-term BTC price prediction amid AI industry impact on risk assets.