Bitcoin: US Earnings Revisions Hit 2021 Cycle High
Bitcoin macro discount widens as US earnings revisions reach cycle high since 2021, implying ISM near 60 while BTC trades at $69694.87 on 4h chart.
SourceAnalysis
Bitcoin faces an expanding macro discount after US earnings revisions reached a fresh cycle high, the strongest since 2021 and a level that historically leads the ISM toward 60.
Price action at $69694.87 tests the lower Bollinger band support of $69913.91 while the EMA50 at $73803.68 and EMA200 at $76191.88 act as concrete resistance; the RSI(14) at 20.24 sits deeply oversold and the MACD death cross at -1038.2 keeps trend strength bearish, so any relief rally in this BTC price prediction setup would first need to clear the upper band at $75664.83 before challenging the moving-average confluence.
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.