Bitcoin: Holds $61,000 Support in Consolidation

Bitcoin price action holds steady in consolidation after multiple tests of the $65,000 level and firm defense of the $61,000 support zone.

Michaël van de Poppe expects a breakout above the 21-day moving average within the next one to two weeks.

Price sits at $63103.68 on the 4h chart inside a bearish structure defined by the EMA50 at $63257.19 and EMA200 at $63868.36, with MACD registering a death cross at 9.27 while RSI at 43.49 remains neutral; the market trades inside Bollinger Bands bounded by $64813.41 resistance and $63049.21 support, suggesting any push toward upper-band resistance will likely meet selling that forces a retest of the 50-EMA before continuation.