AI Looms Large Over DeFi, But Bitcoin Stands Strong
According to Capriole's assessment, AI poses a significant risk to many DeFi protocols. However, Bitcoin's peer-to-peer proof-of-work security model has withstood scrutiny over the past year.
The current price of BTC is $63,463.26, trading within its Bollinger band. The upper resistance level is at $65,653.48, while the bearish EMA50 and EMA200 act as overhead resistance. Additionally, the MACD death cross and RSI keep downside pressure intact.
Capriole's warning highlights the need for continued focus on BTC price prediction and AI industry impact across crypto markets.