Bitcoin: Balchunas Flags Treasury Buybacks Catalyst
Bitcoin at $78928.35 as Eric Balchunas calls Bessent Treasury buybacks a major catalyst, with BTC price prediction hinging on 4h chart confluence.
SourceAnalysis
Bitcoin gains fresh momentum after Bloomberg's Eric Balchunas labeled Bessent's Treasury buybacks a very big catalyst, echoing policy shifts seen over the past year that lifted institutional flows into BTC.
Price sits at $78928.35 inside Bollinger Bands with upper resistance at $79201.15; overbought RSI at 70.92 and MACD death cross signal exhaustion, pointing to a probable retracement toward EMA50 support at $73095.41 before continuation. This setup shapes near-term BTC price prediction and Bitcoin treasury buybacks catalyst narratives while traders watch crypto market catalyst developments.
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