Bitcoin: Macro Support Set to Boost Bull Run
Bitcoin eyes macro tailwinds as ISM surges past 50, shifting from previous bull market headwinds, with BTC price at $82,032 amid bullish trends.
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Crypto analyst André Dragosch highlights that macroeconomic conditions weren't favorable for Bitcoin in the last bull market, but shifts loom large this cycle, echoing insights from @sminston_with and James Easton who flags ISM ripping through 55 as a game-changer for BTC price prediction and broader crypto market trends.
Zooming into the 4-hour BTC chart, price action screams bullish conviction at $82,032.52, comfortably above the EMA50 support at $79,029.87 and EMA200 at $75,325.1, reinforced by a MACD golden cross at 950.94 signaling sustained upward momentum. Yet confluence builds caution—RSI at 67.97 edges neutral but hints at overextension, while price hugs the upper Bollinger Band resistance at $82,576.25; expect a tactical pullback to test that EMA50 before blasting higher, especially if macro data like ISM delivers, mirroring the hype around Bitcoin in this evolving crypto market landscape.
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.