Bitcoin: Compression Signals $50k Retest Before Cycle Rally

Bitcoin has been compressing just beneath a major resistance zone. The setup here is simple: We lose the retest → deeper correction towards $50k. Then we get a major rally for the cycle.

Price action at $78,646.53 sits inside Bollinger Bands with upper resistance at $79,741.04 and lower support at $76,870.02. With the 50-EMA at $77,364.71 acting as concrete support above the 200-EMA at $70,973.63, a healthy retracement to that 50-EMA level looks probable before continuation despite the MACD death cross at -17.16 and neutral RSI of 53.51. This aligns with Bitcoin historical cycle resistance zones where post-breakout rallies often follow such compressions.