Bitcoin: Stronger Move Looms as Gold Eyes $5,000

Bitcoin faces a stronger move as gold sustains commodity momentum toward $4,500 and potentially $5,000, stated trader @CryptoMichNL on August 7, 2026.

Over the past six to twelve months commodities have driven parallel flows, shaping BTC price prediction models and crypto market analysis around gold bitcoin correlation. On the 4h chart BTC at $64,643 holds a bullish structure with EMA50 at $64,150 acting as immediate support and EMA200 at $63,657 providing deeper floor; MACD golden cross at 248 reinforces trend strength while neutral RSI at 55.94 keeps price inside the Bollinger band, eyeing upper resistance at $65,055 before any healthy pullback.