Bitcoin: Musk's $1T Could Buy 16 Million BTC
Bitcoin at $64275.74 sees Elon Musk's $1 trillion theoretically acquiring 16 million BTC against the 21 million cap, with 4h chart showing EMA50 support at $63831.78.
SourceAnalysis
Elon Musk holds $1 trillion while Bitcoin trades at $64275.74, enough in theory to purchase nearly 16 million BTC against the fixed 21 million supply.
Over the past year the supply scarcity narrative has driven institutional accumulation even as macro liquidity cycles shifted. BTC price prediction models now factor this cap directly into long-term allocation frameworks.
Price sits inside the Bollinger Bands with upper resistance at $64756.49 while the 50-EMA at $63831.78 acts as immediate support and the 200-EMA at $69930.12 caps upside; MACD golden cross at 430.13 keeps the 4h structure bullish yet RSI at 59.43 leaves room before overbought conditions emerge, suggesting continuation toward the upper band before any retracement to the 50-EMA confluence zone.
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