Cathie Wood: Bitcoin Set for Growth Amid Global Instability
- Capital Outflows Boost Demand: Cathie Wood asserts that escalating global economic and political instability will drive capital outflows from unstable countries, thereby increasing demand for Bitcoin and digital assets, emphasizing Bitcoin's role as a cross-border wealth protection tool.
- Insurance Role of Digital Assets: Wood argues that while AI has attracted significant investment, it cannot fulfill the protective role that digital assets play during financial and geopolitical stress, further solidifying Bitcoin's market position.
- ARK Invest's Strategic Positioning: Recently, ARK Invest invested approximately $25.54 million in key digital asset companies like Coinbase and Circle, demonstrating confidence in the long-term potential of digital assets despite current market pressures.
- Long-Term Bitcoin Outlook: Wood projects Bitcoin's price to reach a baseline of $730,000 to $750,000 by 2030, with a bullish scenario exceeding $1.25 million, reflecting its growing importance as a non-sovereign store of value.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0176 | 0.0254 | 0.0302 | 0.0381 | 0.0429 | 0.0507 | 0.0555 |
| Fibonacci | 0.0254 | 0.0303 | 0.0332 | 0.0381 | 0.0429 | 0.0459 | 0.0507 |
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