Bitcoin: 40% Rally Defies Bottom Signals

Bitcoin has climbed more than 40% from recent lows even as indicators pointed to a bottom, according to @CryptoMichNL. The 21-day EMA crossed above the 200-day EMA, a setup that delivered 28.4% median gains over six months and 82.8% over one year since 2020 with a 90% win rate.

Price action now sits at $85696.55 inside the Bollinger Bands on the 4h chart, testing upper resistance at $86533.28 while the lower band at $83959.85 marks short-term support. The EMA50 at $84745.84 and EMA200 at $81571.91 continue to anchor the bullish structure, yet the MACD death cross at 367.6 signals fading momentum even as RSI at 55.67 stays neutral. A healthy retracement toward the 50-EMA support at $84745.84 looks probable before any continuation higher.