Bitcoin: Shielded L1 Transfers Hit Privacy Coins

Bitcoin shielded transfers on L1 from Alloc Init deliver a direct headwind for privacy coins, according to André Dragosch.

Price action shows BTC at $84623.28 inside Bollinger Bands with upper resistance at $87420.08. The 50-EMA at $82563.79 and 200-EMA at $77387.23 anchor the bullish structure while MACD death cross at 567.7 signals fading momentum and RSI at 54.48 stays neutral. A test of upper band resistance often precedes a retracement toward 50-EMA support before continuation. This setup ties into broader BTC price prediction models, crypto market crash scenarios, and AI industry impact on on-chain privacy demand.