Bitcoin: AI Thesis Holds at $63471 Amid Selloff

Bitcoin trades at $63471.08 after a 50% drop from $94K highs, caught in the same AI software selloff that crushed Salesforce and Adobe. Jordi Visser’s thesis positions BTC as the scarce asset AI cannot replace, aligned instead with picks-and-shovels plays like Micron and Intel.

The $1.6 trillion market cap sits inside a quadrillion-dollar fiat system where even modest rotation math favors continuation regardless of short-term candles.

On the 4h chart BTC price action shows a bearish structure with price below the EMA50 at $64127.48 and far under the EMA200 at $68666.51, yet the MACD golden cross at -362.6 signals building momentum while RSI at 45.54 remains neutral. Price currently tests the upper Bollinger Band resistance at $65362.05; a rejection here would likely send it toward the lower band support at $61889.86 before any sustained move higher, creating a classic volatility-exhaustion setup that separates the scarce-asset narrative from AI-disrupted software names.