Bitcoin: Consolidation After Monday Dump

Bitcoin consolidates after the Monday market dump with BTC holding at $62943.25. Michaël van de Poppe expects the reversal higher in coming days. Price action on the 4h chart shows BTC inside the Bollinger Bands between $62356.85 support and $63740.33 resistance while the EMA50 at $63670.74 and EMA200 at $63708.15 act as overhead resistance in the bearish structure. RSI at 44.85 remains neutral and the MACD golden cross at -274.16 builds momentum that supports the anticipated bounce. This setup feeds directly into BTC price prediction frameworks and Bitcoin reversal forecast analysis for traders watching consolidation patterns.