Bitcoin: Grantham Zero Stance Challenged by CryptoMichNL
Bitcoin at $59776 faces bearish EMA confluence as CryptoMichNL disputes Jeremy Grantham zero call while warning of AI bubble and 1929-style crash.
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Bitcoin drew fresh scrutiny after CryptoMichNL pushed back on Jeremy Grantham’s prediction that the asset eventually reaches zero, while endorsing the veteran investor’s view that US stocks sit inside the greatest bubble of all time and that a 1929-scale depression looms after one to two more years of gains. The tweet, posted 26 June 2026, frames the coming period as a final window to build value before the largest crash in a generation, directly tying AI industry impact to overextended equity valuations. On the 4-hour chart BTC trades at $59776.1 beneath both the EMA50 at $62151.59 and EMA200 at $67114.23, confirming a bearish trend structure, while MACD at -903.09 prints a death cross and price remains inside the Bollinger Bands bounded by $63394.04 resistance and $58316.72 support; with price testing upper Bollinger resistance while RSI sits neutral at 40.14, a healthy retracement toward the 50-EMA support at $62151.59 appears probable before any continuation lower, sharpening BTC price prediction models ahead of the anticipated crypto market crash.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast