Bitcoin: Institutions Shift to Allocations
CryptoMichNL observes institutions like J.P. Morgan evolving from mockery to recommending Bitcoin allocations in long-term capital assumptions.
SourceAnalysis
@CryptoMichNL highlights the institutional pivot on Bitcoin, recalling J.P. Morgan's past ridicule now replaced by allocation recommendations in capital markets papers.
Bitcoin holds at $82829.34 inside Bollinger bands with upper resistance at $83020.62, while the EMA50 at $82267.26 and EMA200 at $82054.44 anchor the bullish structure; MACD golden cross at 93.52 reinforces momentum even as RSI at 57.82 stays neutral, pointing to measured continuation rather than immediate exhaustion.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast