Kevin Warsh: Bitcoin Could Enforce Market Discipline
Kevin Warsh flags Bitcoin market discipline signal, but execution hinges on BTC becoming global reserve asset and hard money standard amid $63675 price action.
SourceAnalysis
Kevin Warsh stated Bitcoin could deliver market discipline yet execution remains difficult unless Bitcoin evolves into a global reserve asset and the world returns to a hard money standard, with BTC initially reflecting fiscal pressures.
Price at $63675.31 sits inside Bollinger Bands with upper resistance at $64098.08 and lower support at $62390.88; the bearish EMA structure shows EMA50 at $63702.2 capping upside while EMA200 at $63679.39 offers thin floor. RSI at 52.52 stays neutral and MACD registers a golden cross at -8.27, suggesting any rejection at upper band resistance likely targets the 50-EMA before continuation.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.