Bitcoin: Dorsey Critique Questions Payments Role
Bitcoin at $78783.51 faces Dorsey irrelevance claim with 0.00004% global payments share as 4h chart shows EMA50 support at $74044.34 amid MACD death cross.
SourceAnalysis
Bitcoin drew fresh scrutiny after Jack Dorsey labeled it irrelevant for payments, with the asset handling just 0.00004% of the 3.6 trillion annual global transactions despite its 2009 launch as peer-to-peer cash.
Price action on the four-hour chart shows BTC trading at $78783.51 inside the Bollinger band with neutral RSI at 62.24, while the bullish EMA50 at $74044.34 offers concrete support against the MACD death cross at 1648.21, pointing to a likely retracement toward the lower band at $75625.14 before any test of upper resistance at $80245.49. This setup reinforces the ongoing BTC price prediction debate and crypto market relevance questions without signs of an immediate crypto market crash.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
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