Bitcoin: Leads 21% Move on Treasury Buyback

Bitcoin has led the dollar debasement narrative revival after the Treasury’s latest buyback announcement, climbing roughly 21% while gold advanced and equities remained nearly unchanged.

Price action on the 4h chart shows BTC at $76724.63 inside the Bollinger Bands with upper resistance at $78604.62; the overbought RSI(14) reading of 93.99 combined with the MACD golden cross at 3136.56 points to a probable retracement toward the EMA50 support at $67470.01 before any further extension higher.