Bitcoin: Analyst Eyes Gains on Dollar Weakness

Michaël van de Poppe expects Brent Oil to drop, tech to rebound and the economy to accelerate while the Dollar weakens after the Midterms, setting the stage for stronger Bitcoin and risk-asset performance.

Lower external risks make capital allocation into higher-beta assets more straightforward, he noted, with meaningful ETF flows likely to hit US markets in the coming week.

Price action on the 4-hour chart shows BTC at $78381.61 testing the upper Bollinger Band resistance at $78923.99 while the RSI sits neutral at 54.63; the MACD golden cross supports continuation, yet the bearish structure between the EMA50 at $78473.95 and EMA200 at $80802.15 suggests a healthy pullback toward the lower band support near $76410.35 remains probable before any sustained advance.