Bitcoin: Analyst Flags $70K Run on Fresh Strength

Bitcoin displays fresh strength that trader @CryptoMichNL expects to extend, ruling out immediate downside and pointing to a run above $70k within the next one to two weeks.

Price action on the 4h chart sits at $64400.12 inside a bullish trend defined by EMA50 support at $62642.63 and EMA200 at $63982.07. The MACD golden cross at 305.62 keeps momentum constructive while RSI at 64.34 leaves room before overbought territory, allowing Bitcoin technical analysis to favor a test of the upper Bollinger Band at $64512.72 before any retracement to the 50-EMA. This setup aligns with the broader BTC price prediction that places the recent low as the cycle bottom.