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Latest Update
8/6/2026 11:33:00 AM

Bitcoin: Gold Relief Rally to Lift BTC Outperformance

Bitcoin: Gold Relief Rally to Lift BTC Outperformance

Bitcoin to follow Gold's 2011-style relief rally toward $4800-5200 before stalling, with BTC expected to outperform in tandem.

Source

Analysis

Bitcoin is set to track Gold's relief rally mirroring the 2011 bull run, with targets at $4800-5200 before any stall, according to @CryptoMichNL.

Price action on the 4h chart shows BTC at $64417.05 inside the Bollinger Bands with upper resistance at $65159.61, while the EMA50 at $64001.47 and EMA200 at $63649.83 act as layered support in the bullish structure; MACD golden cross at 288.25 reinforces momentum even as RSI at 55.33 stays neutral, suggesting continuation toward band resistance before any pullback tests the 50-EMA confluence.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast