Bitcoin: News Sensitivity Hits All-Time Lows
Bitcoin sensitivity to bad news at all-time lows signals seller exhaustion as BTC holds $63844 with bullish 4h MACD golden cross.
SourceAnalysis
Bitcoin sensitivity to bad news hovers near all-time lows, a strong signal of seller exhaustion with no pent-up supply at the sidelines, allowing BTC to defy significant downside moves.
On the 4h chart BTC trades at $63844 inside a bullish structure above EMA50 support at $63717.23 and EMA200 at $63671.52, MACD registers a golden cross at 37.98 while RSI sits neutral at 54.21, keeping price inside the Bollinger band with upper resistance at $64215.37 as the next volatility target. This setup reinforces constructive BTC price prediction views and reduces crypto market crash odds in the near term.
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.