Bitcoin: Michael Green Labels System a Failure
Bitcoin at $78256 draws fire from Michael Green who calls it a speculative monster, with bearish 4h EMA50 resistance and MACD death cross pointing to lower band support.
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Bitcoin drew sharp fire from Michael Green, Chief Strategist at Simplify Asset Management, who branded its system a failure reinvented as a speculative monster during his appearance on the show hosted by @CryptoMichNL.
BTC price action at $78256.48 sits inside the Bollinger Bands with upper resistance at $81786.2 and lower support at $77415.99 while the EMA50 at $79953.81 acts as concrete overhead resistance and the MACD death cross at -590.81 confirms bearish momentum; price testing upper band resistance with RSI at 35.84 suggests a healthy retracement to the 50-EMA support before any continuation attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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