Bitcoin: Bottom Confirmed by Analyst
Bitcoin bottom confirmed at $81259.75 with RSI overbought at 79.72 and MACD golden cross supporting bullish continuation after testing upper Bollinger resistance.
SourceAnalysis
Bitcoin bottom is in per @CryptoMichNL, echoing cycle bottom signals from the past twelve months of halving analysis. Price at $81259.75 tests upper Bollinger resistance at $80753.83 while RSI(14) at 79.72 flashes overbought, pointing to a probable retracement to the 50-EMA support at $77642.09 before the MACD golden cross at 819.98 drives further gains in this established bullish structure.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast