Bitcoin: Dollar Devaluation Drives Apparent Meltup

Latest Update
8/29/2026 2:30:00 PM

<a href="https://xpertsstudio.com/bitcoin-hayes-calls-trump-irrelevant-to-price/” title=”Bitcoin: Hayes Calls Trump Irrelevant to Price”>Bitcoin: Dollar Devaluation Drives Apparent Meltup

Bitcoin at $77919.46 shows dollar meltup as devaluation accelerates versus gold, with 4h chart revealing EMA50 support at $76920.36 amid UK 2022 pension crisis parallels.

Analysis

Bitcoin registers gains that mask rapid dollar devaluation, as @themarketsniper explained to @CryptoMichNL in a discussion on fiat currency comparisons resembling a leper colony where all units erode together.

Institutions and central banks now set gold prices through aggressive buying to secure real assets, echoing the UK’s 2022 pension crisis that exposed forced selling risks in the long-term debt cycle. BTC price prediction hinges on this dynamic rather than nominal rises. On the 4h chart, Bitcoin trades at $77919.46 inside Bollinger bands with upper resistance at $80679.22, holding a bullish structure above the EMA50 support at $76920.36 despite the MACD death cross at -38.94 and neutral RSI at 46.61, pointing to a measured pullback toward the lower band at $76848.99 before any extension higher in the gold versus bitcoin exit narrative.

Bitcoincrypto marketDollar DevaluationEMA50gold compare

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

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Source: blockchain.news