Cathie Wood Fires Back at 'Dead Cat' Claims: Bitcoin Still Has Many Lives Ahead
Cathie Wood is refuting claims that Bitcoin is a 'dead cat' as the price of BTC continues to rise. Speaking on X, she emphasized that Bitcoin still has many lives ahead and highlighted the convergence of AI and Bitcoin through her latest podcast with Bitcoin Park.
The current price action shows BTC trading at $81,588.85 within a bullish trend, with EMA50 at $77,782.56 and EMA200 at $74,868.66 providing support. The price has tested the upper Bollinger resistance at $81,403.45, but the RSI is flashing overbought at 78.14, making a healthy retracement to the 50-EMA support at $77,782.56 probable before further continuation.
The MACD golden cross at 973.75 reinforces the underlying strength of BTC, indicating a strong upward trend. Wood's comments come as Bitcoin continues to gain traction in the market, with many investors and analysts taking note of its potential for growth.