Cathie Wood: ARK Invest Holds Bitcoin Bull Case
Cathie Wood outlines ARK Invest's Bitcoin thesis as BTC holds $79233.94 with neutral RSI and EMA50 support at $79061.11.
SourceAnalysis
Cathie Wood reaffirmed ARK Invest's long-term Bitcoin stance, citing BTC versus gold ratio momentum, three structural revolutions in technology, global money and asset class status, plus its dual risk-off and risk-on properties.
Price action at $79233.94 sits inside Bollinger bands with upper resistance at $80298.19 and lower support at $79040.86. Neutral RSI at 47.2 alongside the MACD death cross at 16.98 points to limited momentum, yet the bullish EMA50 at $79061.11 and EMA200 at $73731.57 remain intact. A test of upper band resistance could trigger a measured pullback toward the 50-EMA confluence before continuation, aligning with ongoing BTC price prediction models that factor institutional flows.
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