Bitcoin: Consolidation Eases Selling Pressure

Bitcoin eases into consolidation as selling pressure cools sharply in Week 28, futures longs rebuild positions and options traders reduce downside hedges while ETF outflows fade.

Hot capital inflows threaten renewed volatility even as realized profits climb, setting the stage for sharper moves in the weeks ahead.

At $62451.41, BTC trades inside its Bollinger Bands with the upper resistance at $63609.36 capping upside while the 50-EMA at $61835.7 anchors support; the neutral RSI at 51.98 combined with the MACD death cross at 461.71 signals a healthy pullback to that EMA level remains probable before any sustained continuation.