Bitcoin: Fourth Gaussian Channel Bounce Locked In

Bitcoin has now delivered its fourth consecutive bounce from the Gaussian Channel on the monthly timeframe, with each prior touch producing an identical upward reaction that strengthens the case for trend continuation.

The pattern underscores how the statistical distribution channel functions as dynamic support, raising the probability of further gains as the structure holds.

On the 4h chart, BTC trades at $83600 inside the Bollinger Bands with price testing toward upper resistance at $87827.47 while the EMA50 at $82404.6 acts as immediate support and the EMA200 at $77240.4 anchors the longer-term bullish bias; the neutral RSI at 48.17 leaves room for extension before any retracement, even as the MACD death cross at 683.11 flags short-term momentum caution.