Bitcoin: Debt Math Supports $60K Levels
Bitcoin trades at $60826.55 with oversold RSI 28.03 and MACD golden cross while US debt interest exceeds defense spending, keeping the macro thesis intact.
SourceAnalysis
Bitcoin trades at $60826.55 after a 50% drop from October highs, yet the core macro drivers cited by Jordi Visser remain unchanged.
ETFs posted 13 straight days of outflows and MicroStrategy reportedly sold for the first time in four years, but interest payments on US debt now exceed defense outlays at over one trillion dollars annually. Visser, former CIO at Weiss Multi-Strategy, argued this fiscal trap prevents rate hikes and positions Bitcoin as the scarce asset immune to AI-driven disruption that crushed software names like Salesforce and Adobe.
Price action on the 4h chart shows BTC hugging the lower Bollinger Band at $59029.74 with RSI(14) at 28.03 flashing oversold conditions and MACD printing a bullish golden cross at -2135.68; this confluence points to a relief rally toward the EMA50 resistance at $66763.66 before any test of the upper band at $66132.53.
Visser’s 1% rotation math from the quadrillion-dollar fiat pool still implies a 2.5x upside from current levels, independent of short-term candles or ETF flows.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast