Bitcoin: Benchmark Rejects Terra Luna Strategy Comparison
Bitcoin trades at $64303.41 as Benchmark labels Terra Luna comparisons a stretch; 4h chart shows EMA50 support at $64194.85 with MACD golden cross intact.
SourceAnalysis
Benchmark dismissed comparisons between Bitcoin giant strategy and Terra Luna as a stretch, according to Decrypt. BTC currently prints $64303.41 inside its Bollinger band with upper resistance at $64972.2. The 4h structure remains bullish as price holds above the EMA50 support at $64194.85 while the EMA200 at $68396.87 caps longer-term moves; MACD registers a 100.58 golden cross confirming trend strength and RSI at 51.86 leaves room before overbought conditions emerge. Traders watching BTC price prediction models now eye a potential probe of the upper band before any measured retracement to the 50-EMA confluence zone.
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