Strategy: Phong Le Flags Heavy Bitcoin Bull Market
Strategy CEO Phong Le states Bitcoin enters heavy bull market at $77424.78 amid EMA50 resistance and MACD death cross on 4h chart.
SourceAnalysis
Strategy CEO Phong Le told Bloomberg Crypto that Bitcoin is entering a pretty heavy bull market, echoing BTC price prediction models drawn from Bitcoin bull market historical cycles. Price sits at $77424.78 inside the Bollinger band with upper resistance at $79147.7 while EMA50 at $77572.48 caps upside and EMA200 at $71554.66 offers deeper support; the MACD death cross at -144.32 keeps momentum bearish even as RSI at 41.59 stays neutral, suggesting any push toward upper band exhaustion likely meets rejection before a test of the 50-EMA confluence.
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