Bitcoin: Foreshadows ISM Deceleration
Bitcoin at $63469.73 signals ISM slowdown via 12m RSI double bottom, liquidity and yield curve data, with bearish EMA50 resistance at $64151.3 on 4h chart.
SourceAnalysis
Bitcoin once again foreshadows a significant deceleration in the ISM according to André Dragosch, aligning with forward-looking signals from liquidity growth and the yield curve while its 12-month RSI forms a double bottom. BTC trades at $63469.73 inside the Bollinger Bands with upper resistance at $64876.04 and lower support at $63272.05, maintaining a bearish trend structure as price sits below EMA50 at $64151.3 and well under EMA200 at $68343.29. Momentum shows RSI(14) neutral at 43.27 and MACD at -0.02 confirming a death cross, so price testing upper Bollinger resistance while the longer-term RSI double bottom builds suggests a healthy retracement toward the 50-EMA support before any continuation. This setup feeds directly into BTC price prediction models, raises crypto market crash probabilities if ISM data weakens further, and carries secondary AI industry impact through reduced risk appetite across correlated tech assets.
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.