Bitcoin: $65,800 Weekly Level Critical for BTC Breakout
Bitcoin eyes $65,800 weekly resistance at $65012.51 as 4h EMA50 holds at $64283.73 with MACD golden cross intact.
SourceAnalysis
Bitcoin faces its pivotal test at the $65,800 weekly resistance flagged by @CryptoMichNL, where a decisive break would accelerate volatility according to BTC weekly timeframe breakout volatility history and Bitcoin historical resistance levels around 65000. Current price sits at $65012.51 inside the Bollinger band with upper resistance at $65274.88 and lower support at $64021.7. On the 4h chart the structure remains bullish as price holds above EMA50 at $64283.73 and EMA200 at $63689.85, RSI at 61.79 stays neutral while MACD at 284.09 prints a golden cross, pointing to continuation once the weekly level yields rather than any immediate BTC price prediction reversal.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast