Bitcoin: Outperforms Major Indices Amid AI Sell-Off
André Dragosch states that Bitcoin has outperformed every major equity index and ETF in October amid the AI sell-off, countering the view of it as a leveraged NASDAQ play.
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Bitcoin has outperformed every major equity index and ETF in October amid the AI sell-off so far, according to André Dragosch.
Price sits at $82262.96 on the 4h chart inside a bearish structure where the EMA50 at $82323.94 caps upside while the EMA200 at $82078.47 offers underlying support; the MACD golden cross at -1.28 signals building momentum even as RSI at 52.19 stays neutral and price remains boxed between the Bollinger bands at $80817.22 and $82810.18, suggesting any push toward upper-band resistance will likely meet a retracement to the 50-EMA before continuation.
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.