Bitcoin: Saylor Pins Lag on $500B AI Capital Drain

Bitcoin trades at $63225 while the S&P 500 hits fresh highs because a $500 billion AI capital vortex is siphoning marginal dollars away from crypto, according to Michael Saylor.

The Strategy chairman told Michaël van de Poppe in Prague that the market sits inside the summer of the AI bubble, with hot money chasing every AI deal instead of BTC. Saylor set a clear timeline: capital rotates back into undervalued Bitcoin around Q3 and normalizes by Q4.

Price action on the 4h chart shows BTC inside the Bollinger Bands with the upper resistance at $63637.34 and lower support at $59690.94; the RSI(14) at 70.12 already prints overbought while the MACD golden cross at 745.47 keeps the broader structure bullish above the EMA50 at $61235.51. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $61235.51 seems probable before further continuation toward the EMA200 at $64596.45.