Bitcoin: Fed Chair Warsh Calls It New Gold
Bitcoin: Fed Chair Kevin Warsh declares BTC the new gold at $73491.96 as 4h chart shows bearish EMA structure with MACD golden cross.
SourceAnalysis
Fed Chair Kevin Warsh declared Bitcoin the new gold in a direct statement that immediately lifted BTC sentiment on May 31 2026.
Price sits at $73491.96 inside the Bollinger band with upper resistance at $74219.08 and lower support at $73049.02. The 4h structure remains bearish as price trades below EMA50 at $74879.52 and EMA200 at $76556.75, yet MACD has printed a golden cross at -335.88 while RSI at 39.47 stays neutral. Institutional desks now watch for a test of upper band resistance before any sustained move toward the 50-EMA confluence zone. This development feeds directly into ongoing BTC price prediction models and broader crypto market dynamics that traders monitor for Fed policy signals.
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