Bitcoin: Chicago PMI Beat Forces BTC Reprice

Bitcoin must reprice higher after Chicago PMI printed well above forecasts and pointed to ISM readings exceeding 55, according to André Dragosch. The data strengthens the case that risk assets including BTC will follow improving growth and risk appetite over the next quarters.

Price sits at $74265.03 inside the Bollinger Bands while the 50-EMA at $75590.96 and 200-EMA at $76868.87 cap upside, confirming the bearish structure. With RSI at 44.62 still neutral and MACD printing a golden cross at -742.09, the market shows early momentum building beneath resistance; a sustained push through the upper band at $76837.09 would clear the path toward the 200-EMA before any deeper pullback to lower-band support at $72086.88.