Bitwise: Hougan Bullish on Bitcoin Now vs Year Ago

Bitwise CIO Matt Hougan told followers they should be more bullish on bitcoin now than a year ago.

Price sits at $81022.83 inside the Bollinger Bands with upper resistance at $81437.87. The structure remains bearish as price trades below both the EMA50 at $81076.74 and EMA200 at $81718.02, yet the MACD has printed a bullish golden cross at -13.71 while RSI holds neutral at 53.23. Institutional desks watch for a test of upper-band resistance before any sustained move higher, with the 50-EMA serving as the first line of support on a pullback.