Bitcoin: Resilience Forecast on Bond Yield Easing
@Andre_Dragosch states Bitcoin will probably remain relatively resilient amid the rout as easing expectations already appear in lower bond yields.
SourceAnalysis
Bitcoin should hold up better than other risk assets during the current selloff, according to @Andre_Dragosch, because lower bond yields already reflect shifting rate-cut expectations.
Price sits at $81598.03 inside the Bollinger Bands with the lower band at $80729.88 providing immediate support while the EMA50 at $82525.79 and EMA200 at $82130.48 cap upside; the MACD death cross and neutral RSI at 41.75 reinforce a cautious near-term bias that favors consolidation around these levels before any sustained move higher.
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.