Bitcoin: Smart Money Bullish as Cycle Theory Shifts
Bitcoin at $60065 draws smart money bets on $200k targets after AltcoinDaily questions 4-year cycle validity with Adam Back and BlackRock CIO comments.
SourceAnalysis
Bitcoin drew fresh institutional attention after AltcoinDaily posted that the 4-year cycle may no longer hold, spotlighting Adam Back emphasis on the 200-week MA, Tom Lee reversal, and BlackRock CIO bullishness alongside Wall Street full crypto adoption and $200k BTC price prediction scenarios.
With BTC trading at $60065.0 inside the Bollinger Bands and testing upper resistance at $61609.36, the neutral RSI at 43.26 pairs with a MACD golden cross at -536.68 to suggest buyers could defend the lower band support near $58999.12 before any extension higher, even as price remains below both the EMA50 at $61714.63 and EMA200 at $66719.35.
Altcoin Daily
@AltcoinDailyFocuses on cryptocurrency education and altcoin investment strategies for digital asset enthusiasts. Covers Bitcoin, Ethereum, and emerging blockchain projects through market analysis and project reviews. Features interviews with industry founders, technical breakdowns, and regulatory updates affecting crypto markets. Provides daily content on portfolio management and long-term wealth building in digital assets.
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