Rick Rieder: Bitcoin Headed Considerably Higher

Rick Rieder declared that Bitcoin is ultimately going considerably higher on ETF IQ, keeping a modest position in one of his mutual funds as an early BlackRock insider, yet he has not raised the allocation amid stronger opportunities in tech and EM debt.

On the 4h chart BTC sits at $66069.76 inside a bullish structure where the EMA50 at $64726.3 offers concrete support and the EMA200 at $69513.77 caps upside, MACD registers a bullish golden cross at 775.77 while price tests the upper Bollinger Band resistance at $67524.46 with RSI at 59.24, pointing to a measured pullback toward the 50-EMA before the next leg higher for any BTC price prediction model.