Bitcoin: Holds 200-Week MA Despite Iran War and ETF Outflows

Bitcoin at $64019 refuses to break the 200-week MA despite Iran war risks, Michael Saylor FTX warnings, ETF outflows and sticky inflation with no rate cuts, confirming insufficient sell pressure and the end of the bear market phase.

Many altcoins have shown resilience over the past six months, reinforcing the same conclusion. On the 4h chart price sits inside the Bollinger Bands testing upper resistance at $65289 while the RSI at 50.97 stays neutral and the MACD registers a bullish golden cross at -252.65; this confluence points to a probable healthy retracement toward the EMA50 support at $64148 before any continuation higher, with the EMA200 at $68648 acting as the next major resistance level.