Bitcoin: Saylor And Lee Accumulate Ahead Of FOMC
Bitcoin at $66247.97 shows bullish EMA structure as Saylor, Tom Lee and BlackRock advance new ETF and accumulation plays.
SourceAnalysis
Bitcoin faces a decisive week with Michael Saylor and Tom Lee both adding millions while BlackRock files a Bitcoin income ETF and the Clarity Act heads for an August 3 vote. US/Iran de-escalation and the upcoming FOMC meeting add macro fuel, yet price action at $66247.97 remains inside the Bollinger band with upper resistance at $67119.74. The 4-hour chart displays a bullish trend structure where price holds above the EMA50 support at $64455.14 despite the EMA200 overhead at $69611.82; MACD golden cross at 858.59 confirms momentum while RSI at 62.88 leaves room before overbought territory, pointing to a measured push toward band resistance before any deeper test of the 50-EMA confluence. Ethereum supply on exchanges continues to tighten as ETH leads sector rotation, setting up fresh BTC price prediction models that now incorporate these institutional flows rather than quantum FUD narratives.
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