Macro Investor Sees New Opportunities for Bitcoin
- Market Psychology Shift: Veteran macro investor Jordi Visser highlights that as artificial intelligence and commodity scarcity drive a new economic era, investor psychology and central bank policies are evolving in the digital age, suggesting a more dynamic market ahead.
- Inflation Risk Rising: Visser emphasizes that despite deflationary pressures from AI, inflation risks are expected to exceed the Fed's 2% target in the short term, potentially reaching over 4% due to hardware and energy shortages, impacting the overall economic landscape.
- Bitcoin's New Trend: According to Elliott Wave theory, Visser believes Bitcoin has completed its correction phase and entered a new uptrend from the $60,000 level, showcasing its potential as a “digital scarcity” asset that attracts investor interest.
- Portfolio Significance: Visser predicts that by the end of the year, Bitcoin's role in investment portfolios will become undeniable, placing pressure on asset managers and investment advisors to justify not holding 3% to 5% in Bitcoin, reflecting its growing importance in future investments.
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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 7 technical signals, shows that 2 indicators are flashing buy, while 5 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 | 0.0441 | 0.0517 | 0.057 | 0.0646 | 0.0699 | 0.0776 | 0.0828 |
| Fibonacci | 0.0517 | 0.0567 | 0.0597 | 0.0646 | 0.0696 | 0.0726 | 0.0776 |
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