Bitcoin: 20% Weekly Gain as Optimism Returns
Bitcoin surges toward 20% weekly gain at $77716.12 with bullish EMA structure intact despite RSI at 94.57 overbought on 4h chart.
SourceAnalysis
Bitcoin trades at $77716.12 and sits on track for a 20% weekly gain as investor optimism returns.
The move aligns with the last six months of institutional accumulation that lifted BTC from sub-$60k levels into the current range.
With price testing upper Bollinger resistance at $77873.63 while RSI flashes overbought at 94.57, a healthy retracement to the 50-EMA support at $67132.34 seems probable before further continuation. MACD golden cross at 3079.59 keeps the broader bullish structure intact inside the bands.
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