Bitcoin: Dan Held Says Banks Bent Knee to BTC
Bitcoin at $62542.37 as Dan Held states banks bent the knee to BTC on BeInCrypto podcast amid bearish 4h chart signals.
SourceAnalysis
Dan Held told BeInCrypto that banks and large institutions have bent the knee to Bitcoin, not the reverse, while stressing BTC stays unchanged regardless of global turmoil during the June 19 podcast.
Price action on the 4h chart shows BTC testing lower Bollinger support at $62890.43 with EMA50 resistance at $64067.61 and EMA200 at $68302.67 capping upside, while MACD death cross at -155.72 and RSI at 36.12 keep momentum neutral; institutional adoption flows now face this exact technical wall before any sustained move higher in 2026 Bitcoin institutional adoption narratives.
Dan Held
@danheldBitcoin DeFi investor and Asymmetric GP, advising major Web3 projects, with executive experience at Kraken, Uber, and Blockchain.
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