Bitcoin: Hits $62k Testing Prior Resistance
Bitcoin at $62731.11 tests resistance that sparked last correction on 4H chart with bearish MACD death cross and EMA50 at $64356.79.
SourceAnalysis
Bitcoin hits $62731.11 as the exact resistance level that triggered the prior downside correction reappears on the 4H chart.
Price action shows the setup repeating with BTC now probing lower Bollinger support at $63037.63 while the EMA50 at $64356.79 and EMA200 at $63933.42 cap upside. The MACD death cross at -166.07 confirms bearish momentum even as RSI at 33.63 stays neutral, pointing to further downside pressure before any relief rally develops.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.
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