BlackRock: Bitcoin Pullback Is Positioning Correction
BlackRock calls Bitcoin's 50% pullback from October 2025 highs a positioning correction, not a thesis change, with BTC at $64634.92 on 4h chart.
SourceAnalysis
BlackRock reaffirmed its Bitcoin bull thesis in a fresh report, framing the asset's roughly 50% decline from October 2025 highs as a positioning correction rather than any shift in fundamentals.
The statement arrives as BTC trades at $64634.92 inside its Bollinger Bands on the 4h chart, with price testing upper resistance at $65089.75 while the 50-EMA and 200-EMA cluster tightly around $63821.11 and $63815.71 as layered support. Momentum remains constructive: MACD sits at 332.13 after a golden cross, and RSI at 66.15 leaves room before overbought territory, suggesting any near-term pullback would likely find bids at the EMA confluence before continuation.
That technical setup aligns with BlackRock's view that the move is corrective, keeping the longer-term investment case intact amid ongoing institutional flows.
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