Bitcoin: Flat as Semiconductors Drop 28%
Bitcoin holds flat since late June while SOX falls 28.3% at $64058.52, underscoring resilience versus AI industry impact and semis meltdown for BTC price prediction.
SourceAnalysis
Bitcoin posted zero change since semiconductor stocks peaked on 22/06 while $SOX plunged 28.3%, a performance few anticipated amid the broader tech selloff tied to AI industry impact.
Price action on the 4h chart shows BTC at $64058.52 sitting inside Bollinger Bands with upper resistance at $65218.09, while the bearish trend structure pits EMA50 at $64401.38 against EMA200 support at $63915.74; the MACD golden cross at -159.83 signals building momentum even as RSI at 47.67 stays neutral, suggesting any push toward the upper band may stall before a test of lower support at $63009.32.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.