Bitcoin: Shrinks Gold Market Share | Flash News Detail
Bitcoin now holds just a 4% share in the combined $35 trillion hard asset market with gold, a sharp drop from its 15% stake in the $17 trillion market back in 2024, according to crypto analyst Michaël van de Poppe. He forecasts a 20-30% pullback in gold prices, positioning BTC for potential dominance as institutional flows accelerate in this bullish crypto market cycle. This shift underscores ongoing BTC price prediction debates and crypto market crash risks if gold rebounds unexpectedly.
Zooming into the 4-hour BTC chart, price action grinds higher at $78,555.38, riding a bullish trend with the EMA50 at $77,218.62 acting as immediate support and the EMA200 at $74,488.16 providing a deeper floor for any dips. MACD flashes a golden cross at 431.61, confirming upward momentum, while RSI sits neutral at 63.09, leaving room for extension before overbought territory bites. Price hugs the upper Bollinger Band resistance near $79,389.32, suggesting volatility exhaustion could trigger a quick retracement to that EMA50 confluence, setting up buyers for the next leg toward six figures if global hype around assets like Bitcoin sustains.
