Bitcoin: Zeberg Cites Savings Rate to Downplay Inflation

Henrik Zeberg argues inflation sits incredibly low because today's 2-3% savings rate leaves consumers with no extra cash to absorb higher prices, unlike the 10-20% rate that supported spending in the 1970s, while monthly job creation of just 16,000 in a 170 million market signals the weakest labor backdrop in years.

BTC trades at $76776.47 inside its Bollinger Bands with upper resistance at $77733.49; the neutral RSI(14) at 50.5 combined with MACD golden cross at -196.2 points to a likely pullback toward the EMA50 level of $77122.0 before any further move, as price remains below the EMA200 at $74580.03 in the prevailing bearish structure.