Fed Chair Powell likens Bitcoin to Digital Gold

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 24 2025

Should l Buy BTC?

Comparison to Digital Gold: Fed Chair Jerome Powell likened Bitcoin to digital gold during the 2025 Jackson Hole Symposium, emphasizing its role as a speculative asset rather than a direct competitor to the U.S. dollar.
Surge in Institutional Interest: Powell's remarks led to significant institutional inflows into Bitcoin ETFs, reflecting a growing perception of Bitcoin as a store of value amidst global economic uncertainty.
Decoupling from Equities: Bitcoin has begun to decouple from traditional equity markets, gaining appeal as a safe-haven asset, which has resulted in a shift in liquidity towards Bitcoin and away from stocks.
Mainstream Acceptance: The "digital gold" narrative continues to shape Bitcoin's financial landscape, indicating increasing mainstream acceptance and potentially influencing investment strategies similar to traditional safe havens.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	41307.755	50653.878	60667.755	70013.878	80027.755	89373.878	99387.755
Fibonacci	50653.878	58049.398	62618.358	70013.878	77409.398	81978.358	89373.878

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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