Bitcoin: Bullish Trend Holds on 4H Chart
Bitcoin at $78992.63 maintains bullish structure above EMA50 at $77280.5 as MACD golden cross supports higher prices in long-term trend analysis.
SourceAnalysis
Bitcoin is likely simply trending higher, per @CryptoMichNL.
Price sits at $78992.63 above the EMA50 support at $77280.5 and EMA200 at $70750.06, locking in the bullish trend structure. MACD at 49.6 prints a fresh golden cross while RSI at 57.49 remains neutral, leaving room for continuation toward upper Bollinger resistance at $80551.46 before any pullback.
Bitcoin long-term price trend analysis historical bull markets shows this exact pattern of steady climbs when momentum stays constructive on the 4H timeframe.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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