Bitcoin: Grantham Predicts Whimpering Decline
Bitcoin at $59683.59 draws bearish scrutiny as Jeremy Grantham forecasts quiet fade, with EMA50 resistance at $62324.47 and MACD death cross.
SourceAnalysis
Bitcoin drew fresh bearish commentary after investor Jeremy Grantham told CNBC the asset will dwindle away with a whimper. Price sits at $59683.59 inside the Bollinger Bands, capped by upper resistance at $63751.25 while the lower band at $58437.63 offers immediate support. BTC remains locked below both the EMA50 at $62324.47 and EMA200 at $67232.71, with the MACD death cross at -987.74 reinforcing downside momentum and RSI at 38.22 showing no oversold relief yet. This confluence points to further tests of the lower band before any sustained recovery, feeding into ongoing BTC price prediction debates and crypto market crash narratives that have dominated the last twelve months.
CNBC
@CNBCCNBC delivers real-time financial market coverage and business news updates. The channel provides expert analysis of Wall Street trends, corporate developments, and economic indicators. It features insights from top executives and industry specialists, keeping investors and business professionals informed about money-moving events. The coverage spans global markets, personal finance, and technology sector movements.
Premium Sponsors
.jpg)
