Cathie Wood Reaffirms Confidence in Bitcoin Amid Criticism
- Reaffirmation of Bitcoin Confidence: Despite the decline in Bitcoin's price, Cathie Wood remains a strong supporter, asserting that capital outflows will drive demand for Bitcoin and other digital assets, reflecting her optimistic market outlook.
- Growing Market Concerns: Billionaire investor Philippe Laffont expressed worries about Bitcoin, suggesting that the emergence of alternative investment options like artificial intelligence and stablecoins could diminish Bitcoin's appeal in the current market landscape.
- Historical Investment Insight: Wood introduced Bitcoin to ARK Invest in 2015 when its price was below $500, facing criticism at the time, yet Bitcoin has since reached new highs, with Wood predicting it could hit $1.25 million in the future.
- Current Market Status: Bitcoin reached an all-time high of $126,080 on October 6, 2025, but is currently trading at $59,896, reflecting a 50% drop from its peak; however, Wood remains optimistic about its potential rebound.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 50323.245 | 54219.127 | 57831.065 | 61726.947 | 65338.885 | 69234.767 | 72846.705 |
| Fibonacci | 54219.127 | 57087.115 | 58858.96 | 61726.947 | 64594.935 | 66366.78 | 69234.767 |
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