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.
SourceAnalysis
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
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
