Bitcoin: Momentum Shifts From Gold in Bull Cycle

Bitcoin is taking momentum from gold as the cycle rotates, according to Michaël van de Poppe in an October 24, 2026 post on X, who added that the bull phase is still only at the start with more gains ahead.

Price sits at $79619.95 inside the Bollinger band with lower support at $79089.31 and upper resistance at $84483.56; the bearish trend structure holds below both the EMA50 at $81903.3 and EMA200 at $81973.49 while RSI at 27.88 signals oversold conditions and MACD at -602.44 confirms the death cross, pointing to short-term exhaustion that could precede continuation once the macro rotation from gold accelerates.