Bitcoin: TheMarketSniper Favors Gold Over BTC
Bitcoin at $77820.32 as TheMarketSniper outlines creator theory and prefers Gold amid long-term debt cycle pressures.
SourceAnalysis
Bitcoin faces fresh skepticism from Francis Hunt of TheMarketSniper, who told Michaël van de Poppe he is not a fan and holds a specific theory on the asset's creator while turning more bullish on Gold instead. The discussion covered the long-term debt cycle, Hotel California debt mechanics, and why markets keep rising despite weakening fundamentals. BTC currently trades at $77820.32 inside its Bollinger Bands with upper resistance at $80413.32 and lower support at $76556.46. With price testing upper Bollinger resistance while RSI sits neutral at 52.21 and MACD prints a bearish death cross at 1009.24, a healthy retracement toward the EMA50 support at $75041.88 appears probable before any continuation attempt, even as the broader bullish structure above the EMA200 at $68432.17 remains intact.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast