Bitcoin: Eyes $60,000 Hold Ahead of Breakout

Bitcoin trades at $61702.88 with limited movement expected over the bank holiday weekend, yet the market sits on the edge of a decisive breakout according to @CryptoMichNL.

Traders monitor a higher low on lower timeframes to confirm demand and price stability, with preference for $60,000 to hold as key support. A clean break through $62,000-64,000 would end the lower-timeframe downtrend and reclaim the 200-week moving average, automatically sparking renewed strength across altcoin markets.

Price action on the 4h chart shows BTC inside Bollinger Bands with upper resistance at $62629.33 and lower support at $57704.29. The EMA50 at $60703.58 acts as immediate structural support while the EMA200 at $64834.2 remains the critical long-term resistance; MACD at 464.13 already prints a golden cross and RSI at 60.92 stays neutral, suggesting room for continuation once price clears the upper band without immediate overbought signals.