Bitcoin: Bullish Grind Mirrors 2023 Pattern

Bitcoin keeps grinding higher in a pattern familiar from 2023, with @CryptoMichNL noting that expected deep retraces never materialized and sidelined capital stands ready to absorb tests at $75000 or $72000 during true bull market continuation.

Price action on the 4h chart shows BTC at $77461.48 holding above the EMA50 support at $76775.47 within a bullish trend structure versus the EMA200 at $69868.9, while the MACD death cross at 266.63 clashes with neutral RSI at 41.94 and price trading inside Bollinger bands bounded by $77364.61 lower support and $80611.51 upper resistance, pointing to a likely healthy retracement toward the 50-EMA before any extension higher.