The analysis begins with a look at total credit card debt in the US, noting its steady increase and its relation to recession risks but claims defaults will be looked at later. Then analyzes the relative returns of Bitcoin, Gold, S&P 500, and US Treasuries over the past 12 months. Gold outperforms Bitcoin. The speaker notes a bearish divergence for Bitcoin on his charts, with a lower price, but higher low relative to Gold. The speaker considers the area between 98,000 and 99,000 as support. A five-year Bitcoin price chart displays Bitcoin is trading below its 50 and 200 day moving averages. Furthermore, the MVRV ratio supports the price and it is currently considered an accumulation zone because it is not in a overbought level. The model calculates a target price for bitcoin 137000. Credit extension debt continues to rise. The US government debt ratio is looked at and will have effects on the 5-Year Yield Chart.