Bitcoin: Analyst Eyes $65,000 Run After $63,300 Hold

Bitcoin tested the $63,300 area and attracted instant bids, confirming the support Michaël van de Poppe highlighted as essential for higher prices, with the trader now targeting a direct continuation toward $65,000.

Price sits at $63536.62 on the 4h chart inside a bearish structure defined by EMA50 at $63551.37 and EMA200 at $63693.04, yet the MACD golden cross at -34.39 signals building bullish pressure; with price pressing the upper Bollinger band resistance at $63569.88 while RSI holds neutral at 55.39, a clean rejection here favors a measured pullback to the 50-EMA support zone before any sustained push higher, aligning with the observed quick defense of the $63,300 level and reducing the odds of a sweep below $62,200.