Bitcoin: Bullish Divergence Eyes $65K Resistance
Bitcoin holds above $59,639 despite panic, with BTC price prediction pointing to $65K resistance if it clears $61K on 4h chart bullish signals.
SourceAnalysis
Bitcoin at $59639.25 shows resilience as markets absorb panic without deeper losses, strengthening the case for a move above $61K to unlock the $65K resistance zone.
Price sits below the EMA50 at $61465.45 and EMA200 at $66474.41 in a bearish structure, yet the MACD golden cross at -471.4 signals building momentum while RSI at 40.48 remains neutral. Trading inside the Bollinger Bands between $59241.57 support and $60873.87 resistance, BTC tests upper band volatility without breaking higher, suggesting a potential push through $61K could confirm bullish divergence before any retest of the 50-EMA.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast