Bitcoin: Lepard Flags Third Fed Balance Sheet Print

Bitcoin sits at $64231.53 while Lawrence Lepard argues the Fed must expand its balance sheet again, marking the third major print after 2008 and 2020 moves.

Lepard notes prior expansions lifted the sheet from 800 billion to 3 trillion then 9 trillion, and he expects the next round to reward hard assets such as BTC with a move toward 180000 inside two years.

Technical confluence on the 4h chart shows price testing the upper Bollinger Band near 66551.52 while the EMA50 at 64831.23 acts as immediate resistance and the EMA200 at 63814.88 offers longer-term support; with RSI at 39.48 and MACD already in death cross territory, a swift retracement toward the lower band at 63509.67 appears likely before any sustained recovery.