Bitcoin: Leads Junk Bond Credit Cycles
André Dragosch flags Bitcoin as the canary in the coal mine for credit markets after Matt Crosby’s chart showed BTC cycles turning ahead of junk bond appetite shifts.
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Bitcoin is the canary in the coal mine for credit markets, André Dragosch posted on 1 November 2026, quoting Matt Crosby’s observation that BTC cycles have repeatedly turned before downturns and recoveries in junk-bond appetite.
Price at $77839.92 sits below the EMA50 at $79543 and the EMA200 at $81264.44, confirming the bearish structure, yet the MACD golden cross at -771.42 hints at building momentum; with RSI at 41.89 still neutral and price inside the Bollinger band, a push toward upper resistance at $81555.91 remains possible before any deeper test of the lower band at $75486.04.
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.