Bitcoin: Apparent Demand Re-Accelerates

Bitcoin apparent demand is re-accelerating according to on-chain metrics shared by André Dragosch.

Price sits at $65597 inside Bollinger Bands with EMA50 at $65029.5 and EMA200 at $63743.64 preserving the bullish trend structure. RSI at 51.43 shows neutral momentum while MACD registers a bearish death cross at 271.29, suggesting short-term consolidation before continuation. With price testing upper Bollinger resistance at $66965.92 while RSI remains neutral, a healthy retracement to the 50-EMA support at $65029.5 appears probable before further upside. Historical Bitcoin demand re-acceleration cycles and Bitcoin apparent demand on-chain metric definition confirm similar setups preceded prior expansions. BTC price prediction models now factor this confluence into near-term targets.