Bitcoin: Institutions Resume Net Buying
Bitcoin institutions net buying for first time since May at $63925.5 with treasuries returning amid bearish 4h structure.
SourceAnalysis
Bitcoin institutions are net buying BTC again for the first time since May as treasuries return to the bid, raising questions on sustainability. BTC price prediction models now hinge on whether crypto treasury flows can overcome the bearish trend structure where price sits at $63925.5 below the EMA50 resistance at $64196.35 and a MACD death cross at -253.2. With RSI neutral at 47.43 and price inside the Bollinger band, the next move likely targets lower support at $62947.96 before any sustained rebound.
Charles Edwards
@caprioleioFounder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.