Bitcoin: $62,500 Break Reclaims 200-Week MA

Bitcoin eyes a potential reclaim above $62,500 to return above the 200-week MA, a key trigger that could unfold rapidly within 48 hours according to @CryptoMichNL, while a green week would also activate weekly bullish divergence signaling the bottom is near, last observed during the FTX saga in late 2022.

With BTC price at $60363.56 trading inside the Bollinger Bands, the bearish EMA structure keeps price below the EMA50 at $61902.98 and EMA200 at $66895.5, yet the MACD golden cross at -630.55 combined with neutral RSI at 44.58 points to an initial probe of upper band resistance at $62152.73 before any retracement toward lower band support at $58690.96.