Bitcoin Treasury Firms: Textbook Bubble Chart

Bitcoin treasury companies represent the textbook bubble chart according to Charles Edwards of Capriole, highlighting extreme valuation disconnects in the sector as of June 2026. With BTC trading at $63308.83 inside Bollinger Bands between $62353.45 support and $64796.05 resistance, the bearish EMA structure shows price below EMA50 at $64134.87 yet above EMA200 at $68491.98, while MACD golden cross at -66.06 signals potential momentum shift despite RSI at 42.01 remaining neutral. This setup fuels BTC price prediction models that warn of crypto market crash risks if treasury vehicles unwind, even as AI industry impact on blockchain infrastructure accelerates institutional flows into names like BTC and trending TAO.