Bitcoin's Best Week Since 2023 Was Quietly a Gold Trade

Bitcoin technical analysis across the weekly and daily charts shows a rally now pressing into its first major resistance zone. Michael Boutros, Senior Market Analyst at StoneX, walks through the multi time frame structure behind Bitcoin's move off the yearly low. The advance follows the Treasury's expansion of its buyback program, which revived the dollar debasement trade and lifted gold alongside Bitcoin. Weekly momentum has climbed to its highest reading of the year, matching the level last seen when the record high was set. Boutros also covers the break of the May downtrend and the core PCE print, Jackson Hole Economic Symposium and Nvidia earnings all landing inside the same week. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 0:00 Bitcoin's 40% Run Off the Low 0:44 Momentum Hits a Year High 1:20 The Weekly Confluence Zone 1:47 Treasury Buybacks Move Bitcoin 4:31 Risk Events Stack Up Fast Like and subscribe for more financial market insights. #Bitcoin #StoneX #MichaelBoutros #Gold