Gary Gensler: Bitcoin Use Cases Face Scrutiny
Gary Gensler questions Bitcoin fundamentals as BTC holds $62191.07 on 4h chart with bearish EMA structure and MACD death cross.
SourceAnalysis
Former SEC Chair Gary Gensler pressed purchasers on Bitcoin fundamentals and real-world use cases, warning investors to scrutinize the broader crypto asset class.
BTC at $62191.07 tests lower Bollinger support at $62337.63 while EMA50 at $63932.34 and EMA200 at $68221.06 cap upside; MACD death cross at -340.87 keeps the 4h structure bearish even as RSI at 33.63 shows neutral momentum, pointing to further downside pressure before any relief rally.
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