Bitcoin: Closes Week 4% Higher Near $84K
Bitcoin trades near $83366.84 after 4% weekly gain on ETF inflows, with perpetual traders selling into strength and Monday dip testing lower range.
SourceAnalysis
Bitcoin trades near $83366.84 after a week that closed about 4% higher. ETF inflows carried the gain while perpetual traders and profit-takers sold into it, and Monday's dip takes price back to the lower end of its range.
Price action shows BTC testing upper Bollinger resistance at $85137.3 while RSI sits neutral at 42.84 and MACD prints a bearish death cross at -175.37. With the EMA50 at $83461.42 acting as immediate resistance and the EMA200 at $78940.85 providing deeper support, a healthy retracement toward the lower Bollinger band at $82939.21 appears probable before any sustained continuation.
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