Bitcoin: Bullish Divergences Target $61,000 Break
Bitcoin at $60,375 shows bullish divergences on 4h chart with MACD golden cross, positioning for upside through $61,000 resistance.
SourceAnalysis
Bitcoin opened the week with clear bullish momentum as Michaël van de Poppe highlighted intact divergences that favor a push above $61,000.
Price currently sits at $60,375.2 inside the Bollinger Bands, with the upper band at $60,790.92 acting as immediate resistance. The 50-EMA at $61,120.1 and 200-EMA at $66,045.69 frame the broader bearish structure, yet the MACD golden cross at -265.51 already signals building upside pressure while RSI at 49.5 remains neutral.
With price testing upper Bollinger resistance while the MACD confirms a bullish crossover, a measured advance toward the $61,000 level appears probable before any deeper retracement to the 50-EMA support. This setup aligns with ongoing BTC price prediction models that factor short-term volatility exhaustion targets from the bands.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast