Michaël van de Poppe: Bitcoin Bull Market vs Gold Underway

Michaël van de Poppe asserts that Bitcoin trades in a bull market against gold and that allocation decisions hinge on the chosen benchmark, with the analyst preferring Bitcoin and crypto exposure now.

The trader maintains that periodic sales will be required when Bitcoin appears overvalued relative to other assets, yet current conditions mirror the early 2023/2024 phase and escape velocity has not arrived.

Price sits at $75774.19 beneath the EMA50 at $77611.86 and EMA200 at $80375.73, confirming the bearish trend structure while RSI at 38.24 registers neutral and MACD at -652.98 prints a death cross; the market trades inside the Bollinger bands with upper resistance at $81404.51 and lower support at $73112.65, so any short-term bounce toward the upper band would likely meet selling before a deeper test of the 50-EMA confluence zone.