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Bitcoin: US Earnings Revisions Hit 2021 Cycle High | Flash News Detail | Blockchain.News
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6/2/2026 9:57:00 AM

Bitcoin: US Earnings Revisions Hit 2021 Cycle High

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.

Source

Analysis

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_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.