Bitcoin: Cycle Buyers Extend Rally at $79844

Bitcoin rally draws long-cycle buyers according to Matt Hougan, who highlighted that most participants target 3+ year holds rather than short-term trades amid the break above 50/100/200-day averages. BTC trades at $79844.49 inside a bullish EMA structure with the 50-EMA at $72647.42 and 200-EMA at $67090.29 serving as layered support, yet the 4-hour chart shows price testing upper Bollinger resistance at $79065.11 while RSI(14) prints 75.65 in overbought territory and MACD registers a bearish death cross at 1918.83, pointing to probable healthy retracement toward the 50-EMA before continuation.