Bitcoin: Outperforms Equities in October AI Sell-Off

Matt Hougan amplified analyst André Dragosch's point that Bitcoin has beaten every major equity index and ETF in October even as AI stocks sold off.

The observation reinforces Bitcoin's role as a leveraged tech-stock proxy, with its price action tracking NASDAQ moves but at amplified magnitude over the past year.

On the 4h chart, BTC trades at $82249.24 inside a bearish structure defined by the EMA50 at $82323.4 sitting above the EMA200 at $82078.33. Momentum shows a MACD golden cross at -2.38 while RSI at 52.06 remains neutral. Price is testing the upper Bollinger Band at $82808.21; a rejection here would likely send it toward the lower band support at $80817.82 before any sustained continuation.