Bitcoin: 200-Week MA Hold Sparks Altcoin Liquidity

Bitcoin holding the 200-week moving average remains the decisive trigger for altcoin season performance after BTC holds above 200W MA, according to Michaël van de Poppe.

Price action at $62794.89 sits inside Bollinger Bands with upper resistance at $65245.04 and lower support at $61915.13, while the 50-EMA at $63763.71 caps upside and the 200-EMA at $68067.7 marks longer-term resistance; RSI at 40.88 stays neutral and MACD prints a death cross at -379.78, confirming short-term bearish pressure yet leaving room for a measured bounce off the lower band before any deeper test of the 200-week MA historical significance as support.