Bitcoin: Holds $60k With Cycle Parallels
Bitcoin sustains $60k support mirroring prior cycle; 4h chart shows EMA50 at $64192 and MACD golden cross at 94.78.
SourceAnalysis
BTC bulls retain higher weightage above $60k as the current setup mirrors the last cycle.
Price action at $64230.74 sits just above the EMA50 level of $64192.0 while the MACD registers a bullish golden cross at 94.78; neutral RSI at 51.05 leaves room for continuation toward the upper Bollinger band at $64964.78 before any test of lower support near $63105.25. This confluence supports refined BTC price prediction models and ongoing Bitcoin cycle analysis amid broader crypto market trends.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
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