Bitcoin: Gundlach Flags Fed Trap Boosting BTC
Bitcoin at $83538 as Gundlach notes Fed stuck between default and inflation, with BTC winning both; 4h chart shows EMA50 support at $82445 amid neutral RSI.
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@Andre_Dragosch shared Gundlach's assessment that the Fed faces an impossible bind where Bitcoin prevails in default or high-inflation outcomes.
Price action at $83538.47 holds above the EMA50 at $82445.61 and far clear of the EMA200 at $77303.61, yet the MACD death cross at 540.07 signals fading momentum while RSI at 47.83 stays neutral inside the Bollinger band with upper resistance at $87494 and lower support at $83180.07. A test of upper-band exhaustion could trigger a measured pullback toward the 50-EMA before any continuation higher, aligning with scenarios where BTC price prediction models price in Fed rate decision impact and sustained Bitcoin as inflation hedge demand.
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.