Bitcoin: 200-Week MA Marks Generational Entry

Bitcoin sits at the 200-week moving average near $60888, the precise zone Michaël van de Poppe flags as generational accumulation after daily RSI prints its lowest reading in any cycle and sentiment collapses. ETH daily RSI has also reached equivalent historic lows, reinforcing the macro capitulation signal. On the 4-hour chart, price at $60888.41 trades inside the Bollinger Bands with lower support at $60142.29 while the EMA50 at $68383.41 and EMA200 at $74199.82 cap upside; RSI(14) at 24.4 confirms deep oversold momentum and the MACD death cross at -2448.95 keeps the structure bearish until a reclaim of the $71K range occurs. This confluence aligns with prior cycle behavior where 200-week MA tests delivered multi-year entries, positioning current levels as the scale-in opportunity previously eyed at $90K.