Bitcoin: Rallies on Fed Easing Signals
Bitcoin surges to $78,846 amid Fed hold and rising inflation, sniffing negative real rates for counter rally in BTC price prediction.
SourceEconomist André Dragosch asserts that Bitcoin rallies as it anticipates renewed easing through negative real rates, with a significant counter rally expected if the Fed holds steady amid climbing inflation expectations. Echoing Jordi Visser, he notes a correlation break between BTC and software stocks, driven by miners, where crypto names dominate top performers in IGV since March lows. As CPI potentially exceeds three-month bills, BTC enters its historically strongest quadrant, boosting BTC price prediction amid broader crypto market trends including viral plays like RAVE.
From a technical confluence standpoint, BTC trades at $78,846.12 in a clear bullish structure, hugging the upper Bollinger Band resistance at $79,166.19 while the MACD flashes a golden cross at 843.85, signaling sustained upward momentum. RSI at 65.87 sits neutral but leans toward overbought territory, suggesting potential exhaustion before a dip; watch for confluence at the EMA50 support of $75,527.54 as a reload zone if volatility pulls price back from these highs, especially with the EMA200 at $72,484.19 anchoring the longer-term floor—classic setup for institutional buyers to pile in on retracements amid this macro-driven surge.
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.