Bitcoin: Closes Above 200-Week MA at $64K
Bitcoin closes above 200-week MA at $64171 with bullish MACD golden cross on 4h chart, targeting $68K and strong altcoin summer.
SourceAnalysis
Bitcoin posted another weekly close above the 200-week moving average, reinforcing the bullish structure that has held through the past twelve months. @CryptoMichNL noted the price action opens a path toward the $68K zone and keeps altcoin summer intact, dismissing any sharp drop to $40K. On the 4h chart BTC trades at $64171.4 just above the EMA50 support at $64131.73 while the EMA200 sits at $68436.81 as overhead resistance; the MACD golden cross at -13.46 confirms trend strength and RSI at 51.88 remains neutral inside the Bollinger bands bounded by $64872.73 resistance and $62637.61 support, pointing to a measured push higher before any volatility spike. This setup aligns with Bitcoin price prediction models that favor continuation over crypto market crash scenarios and supports sustained flows into altcoins.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast