Bitcoin Could Enforce Market Discipline if it Becomes Global Reserve Asset
Financial expert Kevin Warsh believes that Bitcoin could enforce market discipline if it evolves into a global reserve asset and the world returns to a hard money standard. According to him, this would require BTC to initially reflect fiscal pressures.
The current price of Bitcoin is $63,675.31, which falls within its Bollinger Bands, with upper resistance at $64,098.08 and lower support at $62,390.88.
A bearish EMA structure shows that the EMA50 is capping upside at $63,702.2, while the EMA200 offers a thin floor at $63,679.39. The RSI is neutral at 52.52, and the MACD has registered a golden cross at -8.27.