Bitcoin: Spot ETF Cost Basis Turns Bullish
Bitcoin trades above US spot ETF cost basis at $85464.67 with 4h chart showing EMA50 support at $79587.59 and MACD golden cross.
SourceAnalysis
Bitcoin trades above the US spot Bitcoin ETF cost basis, a key demarcation line between bull and bear markets per @Andre_Dragosch.
Price at $85464.67 tests upper Bollinger resistance at $84374.14 while RSI(14) at 84.6 flashes overbought, yet the MACD golden cross at 1408.51 and EMA50 support at $79587.59 point to a probable retracement before continuation in this BTC price action setup.
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.
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