Bitcoin: Enters Historic Bottom Territory

Bitcoin has officially dipped into historic bottom territory, as tweeted by @CryptoKing4Ever, with a sharp 27% rebound from February lows around $60,000. The mining of the 20 millionth coin unleashes a supply shock on exchanges, cementing this as the structural floor before the crypto market's next explosive leg up—echoing patterns from last year's halving-driven surges that avoided a full crypto market crash.

Zooming into the 4-hour chart, BTC trades at $76,347.28 in a bearish trend, pressing against the EMA50 resistance at $76,749.85 while the EMA200 at $74,155.54 acts as a steadfast long-term support below. Momentum holds neutral with RSI at 46.48, but the MACD's death cross at -358.04 screams bearish conviction, confining price inside Bollinger Bands where upper resistance at $77,805.85 caps upside and lower support at $75,271.60 beckons on exhaustion. Confluence here points to a tactical pullback testing that EMA200 before buyers reload, especially if hype around projects like TAO spills into broader BTC price prediction momentum.