Bitcoin: Breakout Above $65,000 Rejects Downside

Bitcoin at $64567.89 sits one wick from the $64000-65000 breakout zone that Michaël van de Poppe says will reject further downside and pull altcoins higher.

With the SpaceX IPO hitting today, immediate momentum stays capped, yet higher lows on lower timeframes plus any Middle-East resolution could trigger the strong green week he forecasts. BTC price action already shows altcoin liquidity returning after last month’s rejection of deeper lows.

Price trades inside the Bollinger Bands with upper resistance at $64857.54 while the 4h MACD golden cross at 454.7 and neutral RSI at 63.01 keep the structure bullish above the EMA50 support at $63866.38; a clean push through $65000 would confirm rejection of the downward trend and open continuation toward the EMA200 at $69888.51.