Bitcoin: Bottom Confirmed at Generational Lows

Bitcoin bottom is in according to @CryptoMichNL, citing data that more than 50% of supply traded underwater at the $60,000 zone, a condition last seen at the generational lows of 2015, 2018, 2020 and 2022.

Traders who missed that accumulation window will later regret the inaction as historical patterns repeat. BTC price prediction models now factor in this supply shock alongside macro liquidity shifts.

Price action on the 4h chart shows BTC at $81123.47 testing upper Bollinger resistance at $80569.76 while RSI(14) prints 71.69 in overbought territory and MACD holds a golden cross at 338.93. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $77820.81 seems probable before further continuation toward the 200-EMA at $72268.58.