Bitcoin: Analyst Eyes Momentum After Short Bounce

Bitcoin posted a short bounce as Michaël van de Poppe highlighted fresh momentum potential provided the 200-week MA holds as structural floor despite widespread calls for a drop to $40K.

Price action at $63498.08 sits below the EMA50 at $64146.82 inside the Bollinger band with upper resistance at $65650.81 and lower support at $61787.2; the neutral RSI at 45.92 paired with a MACD golden cross at -404.2 signals a possible retest of the 50-EMA before continuation higher in the prevailing bearish structure.