Grayscale: Bitcoin May Have Bottomed If Fed Helps

Grayscale asserts Bitcoin may have already bottomed if the Fed delivers rate cuts, echoing its historical accuracy on BTC price prediction cycles versus Fed timing.

Price sits at $64892.33 inside Bollinger bands with upper resistance at $66856.93. The bearish trend structure holds as price trades below EMA50 at $65021.38 while EMA200 at $63751.37 offers longer-term support. RSI at 42.52 remains neutral and MACD death cross at 109.16 signals continued downside pressure before any relief rally.