Bitcoin: 365DMA Reclaim Confirms Bull Market
Bitcoin reclaims 365DMA after 310 days below it at $85990.74, confirming bull market with bullish 4h MACD and EMA support.
SourceAnalysis
Bitcoin has reclaimed its 365DMA after 310 days below it, delivering more evidence of a true bull market rather than a relief rally according to @CryptoMichNL.
Price sits at $85990.74 on the 4h chart inside Bollinger Bands with upper resistance at $87902.2; the overbought RSI(14) at 75.33 combined with MACD golden cross at 1892.66 points to a probable retracement toward the 50-EMA support at $80973.13 before continuation. This setup fits Bitcoin bull market analysis and BTC price prediction frameworks while highlighting crypto market trends that steer clear of any crypto market crash narrative.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast