Bitcoin: Fourth Orange Zone Targets $200000

Trader Tardigrade flagged that Bitcoin sits in its fourth orange zone on the monthly chart after the prior sale, with the pattern projecting a run toward $200000.

Price trades at $78012.98 inside the Bollinger Bands, with the upper band at $80906.47 acting as immediate resistance. The EMA50 at $79423.08 and EMA200 at $81218.69 form layered overhead supply, while the lower band at $75613.4 marks short-term support. RSI at 43.75 remains neutral and MACD shows a bullish golden cross at -647.69, suggesting any rejection at the upper band could pull price back to the EMA50 before the next leg higher.