Bitcoin: Modern CDS on Sovereign Bonds
Bitcoin trades at $80954.46 as André Dragosch compares it to sovereign CDS amid French-German 10Y spread at 2012 highs, with 4h chart showing overbought RSI at 78.7.
SourceAnalysis
Bitcoin functions as the modern CDS on sovereign bonds according to André Dragosch, who draws parallels to 2012 gold modeling via iTraxx Sovx amid bank-sovereign nexus risks, with the French-German 10Y spread hitting new highs since the Euro crisis. BTC at $80954.46 holds a bullish structure above EMA50 at $77353.17 and EMA200 at $74696.81 while MACD confirms golden cross momentum at 371.69, yet price testing upper Bollinger resistance at $79095.35 with RSI(14) at 78.7 overbought points to probable retracement toward 50-EMA support before continuation. This setup reinforces Bitcoin price prediction models tied to sovereign risk hedging in crypto and broader crypto market analysis during debt stress periods.
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.