Bitcoin: Outperforms Gold Since February Low
Bitcoin at $64837.29 outperforms gold since February capitulation low as EMA50 at $65050.48 and MACD death cross signal bearish pressure on 4h chart.
SourceAnalysis
Bitcoin has continued to outperform gold since the February capitulation low.
BTC trades at $64837.29 beneath the EMA50 resistance at $65050.48 inside a bearish trend structure where the EMA200 sits at $63801.86. The MACD death cross at -27.79 confirms downside momentum while RSI at 42.74 leaves room for further weakness toward the lower Bollinger band support at $64586.04 before any relief rally develops.
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.
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