Bitcoin: Holds Above 200-Week MA Amid Limited Drop

Bitcoin holds above the 200-week moving average for another week, limiting downside momentum after a single-week sweep of lows and quick reclaim of prior support.

Traders note the absence of follow-through selling that would typically precede deeper corrections toward the $30,000-40,000 zone, raising odds that the market sits closer to a local bottom than a prolonged bear phase.

BTC price action on the 4h chart trades inside Bollinger Bands with upper resistance at $64852.46 while the EMA50 at $63865.4 acts as concrete support beneath current levels near $64542.99; the MACD golden cross at 452.72 reinforces bullish structure even as RSI at 62.78 remains neutral, suggesting any pullback would likely target the 50-EMA before continuation higher.