Bitcoin: Bitwise CIO Flags Strong Year-End Rally

Bitcoin has bottomed, Bitwise CIO Matt Hougan told Bloomberg Crypto, citing clear signs that the top bull market catalyst will drive a strong end of year.

Price action on the 4h chart shows BTC at $63593.82 locked in a bearish structure beneath the EMA50 at $64235.81 and EMA200 at $63727.78, with the MACD death cross at -281.19 confirming downside momentum; however, the asset sits inside the Bollinger bands, keeping the lower support at $62951.58 as the immediate floor while any relief rally would first confront upper resistance at $65384.22 before a sustained move higher. This setup aligns with institutional BTC price prediction models that treat the current consolidation as the base for year-end continuation rather than a crypto market crash scenario.