Bitcoin: Capitulation Matches 2022 Levels
Bitcoin capitulation hits 2022 depths at $64881.63 as EMA50 holds support and MACD golden cross signals continuation.
SourceAnalysis
Bitcoin capitulation has matched 2022 extremes, marking the strongest buying window since that cycle low according to @CryptoMichNL.
Price sits at $64881.63 inside Bollinger Bands with upper resistance at $65420.31. The EMA50 at $64822.35 functions as concrete support while the EMA200 at $63941.46 anchors the broader bullish structure. MACD golden cross at -3.85 confirms trend strength even as neutral RSI at 50.52 keeps momentum open for further gains before volatility exhaustion at the upper band.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast