BlackRock: Bitcoin Bull Thesis Remains Intact
BlackRock reaffirms Bitcoin bull thesis as IBIT holders stay long-term amid BTC at $64120.52 testing lower Bollinger support.
SourceAnalysis
BlackRock Head of Crypto told Bloomberg the Bitcoin bull thesis holds firm while $IBIT buyers continue holding for the long term.
BTC trades at $64120.52 inside a bearish structure defined by EMA50 at $64520.93 and EMA200 at $63774.85, with MACD at -14.55 confirming the death cross. Price tests the lower Bollinger band support at $64199.13 while RSI sits neutral at 39.06, suggesting short-term volatility exhaustion before any sustained move higher. Institutional desks watch for a reclaim of the 50-EMA resistance zone as the next key trigger in this BTC price prediction cycle.
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