Bitcoin: Wall Street Controls Short-Term Price

Wall Street now dictates Bitcoin short-term price action and steers holders toward borrowing against coins plus perpetual futures trading instead of true self custody. Simon Dixon outlined the sovereign versus subordinate framework during his appearance on the New Era Finance podcast with @CryptoMichNL, noting institutions spent the last decade shifting from dismissal to capture through custodians and ETFs. Bitcoin price action analysis shows the asset trading at $64486.1 inside Bollinger Bands with upper resistance at $65120.71 while EMA50 support sits at $63214.11 and EMA200 at $63727.51; the MACD golden cross at 10.04 keeps the structure bullish yet neutral RSI at 61.38 suggests a measured retracement to the 50-EMA before any extension higher. Institutional Bitcoin adoption and crypto custody solutions continue to shape these flows over the past year.