Bitcoin: Record Divergence From Money Supply Holds

Bitcoin maintains record divergence from global money supply, aligning with the AI sucking the oxygen out of the room narrative and its negative correlation to stocks, according to André Dragosch. The 260-day log price level correlation measures medium-term trajectory co-movement rather than daily shocks, confirming decoupling from US equities and signaling substantial catch-up potential once mean reversion occurs.

Price action on the 4h chart shows BTC trading at $79605.66 inside Bollinger Bands with upper resistance at $80623.67 and lower support at $79000.26. The bullish trend structure holds above EMA50 at $79071.19 and EMA200 at $73673.13 while RSI at 50.56 stays neutral and MACD at 129.64 prints a death cross. With price testing upper Bollinger resistance while momentum flattens, a healthy retracement toward the 50-EMA support at $79071.19 appears probable before continuation.