Bitcoin: Correction Persists Amid Bull Run Fears

Bitcoin trades at $60412.2 in a harsh correction phase even as the broader bull run continues, with Michael Saylor strategy fears cited as the primary drag on price action.

The business cycle shows early recovery signs yet BTC lags due to lingering uncertainty around MicroStrategy moves, echoing recent Bitcoin cycle phases versus business cycle correlation patterns observed over the past year.

Price tests upper Bollinger resistance near $60795.86 inside the bands while the bearish structure holds with EMA50 at $61121.55 capping upside and EMA200 at $66046.06 defining longer-term resistance; neutral RSI at 49.89 combined with MACD golden cross at -262.56 points to building momentum that could accelerate once Saylor-related fear dissipates, aligning with BTC price prediction models for quick catch-up moves.