Bitcoin: Holds Lower Channel Half on Log Chart
Bitcoin at $86052 stays in lower logarithmic channel half, below euphoria zones after four halvings, with 4h EMA50 support at $83831 and MACD golden cross intact.
SourceAnalysis
Bitcoin has climbed through the same long-term logarithmic channel across four halvings and multiple corrections, yet remains in the lower half far from historical cycle tops according to @TATrader_Alan.
Short-term volatility fuels fear while the structure points to further expansion room this cycle. BTC price prediction models built on prior cycles continue to show the asset trading well below zones that marked prior euphoria phases.
On the 4h chart BTC trades at $86052.43 above the upper Bollinger band at $85572.75 with EMA50 support at $83831.25 and EMA200 at $80153.65 acting as concrete floors; the MACD golden cross at 361.07 keeps the bullish structure intact while RSI at 68.78 leaves room before overbought conditions force a healthy retracement to the 50-EMA.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.