Bitcoin: Mezinskis Rejects Gold Rotation Thesis

Bitcoin follows a power curve on log-log scale while gold stays exponential on log-linear scale, so no trillions rotate from gold into BTC according to Matthew Mezinskis on the @CryptoMichNL podcast.

Mezinskis data shows every 13 percent lifespan increase doubles Bitcoin price for roughly 10x gains every eight years, placing current levels at half the sustainable power trend and targeting $1.1 million by 2033 without needing external flows or narratives.

Price action on the 4h chart sits at $78582.49 inside Bollinger Bands with upper resistance at $80178.95 and lower support at $77986.47 while EMA50 at $78942.91 caps upside against EMA200 at $74022.84 and MACD death cross at -181.61 keeps momentum bearish; RSI at 44.19 leaves room for a test of the 50-EMA support before the power law resumes its climb.