Bitcoin ETFs: Gold ETF Cycle Roadmap

Bitcoin ETFs face the same sentiment-driven cycles that defined GLD over 22 years, with spectacular inflows followed by multi-year drawdowns before new highs, according to Eric Balchunas.

Price action on the 4h chart shows BTC at $62618.62 testing the lower Bollinger band support at $62636.07 while the EMA50 at $63670.18 and EMA200 at $63661.23 act as firm overhead resistance; the MACD death cross at -143.65 confirms bearish momentum even as RSI at 38.3 leaves room for further downside before any relief rally toward the upper band at $65837.59.