Pantera Capital: Bitcoin Rally Ignited by US Debt
Pantera Capital's Dan Morehead says US debt drives investors into Bitcoin and crypto, with BTC historically rising 70% annually versus 3.4% fiat debasement at $77064.81.
SourceAnalysis
Pantera Capital's Dan Morehead stated that US fiscal pressures have ignited a rally in Bitcoin and crypto, noting no real exit for nations like the United States and highlighting Bitcoin's historical 70% annual gains against 3.4% paper money debasement.
Bitcoin trades at $77064.81 inside its Bollinger Bands with the EMA50 at $77499.82 acting as immediate resistance above the EMA200 at $71913.32; the MACD death cross at -319.57 and RSI at 40.32 keep the structure bearish, pointing to a likely test of the lower band support at $76602.89 before any sustained move higher in line with long-term BTC price prediction models.
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