Bitcoin Portfolio Allocation: Bitwise CIO Warns Against Holding Zero BTC

Investors face misallocation risk by holding no Bitcoin (BTC) in their portfolios, according to Matt Hougan, Chief Investment Officer at Bitwise. Speaking with Coindesk, Hougan noted that BTC is the 'fastest horse' against government debt inflation strategies.

The current price of $79,692.2 sits within Bollinger bands, with an upper resistance level at $82,424.67. The MACD (Moving Average Convergence Divergence) golden cross at 591.1 confirms bullish momentum above the EMA50 support level of $78,467.0 and the EMA200 at $72,816.66.

The Relative Strength Index (RSI) is currently at 53.8, which suggests a continuation towards higher targets rather than an immediate crypto market crash or reversal in BTC price prediction.