Bitcoin: Long-Term Downside Exhaustion Signs Emerge

Bitcoin displays real signs of downside exhaustion from a long-term perspective, and the lack of correlation to the Nasdaq-100 counts as a positive according to Fairlead strategist Katie Stockton.

Price sits at $64249.8 inside the Bollinger Bands with upper resistance at $65649.44 and lower support at $63031.08. The EMA50 at $64487.01 acts as immediate resistance while the EMA200 at $63906.83 provides deeper support. MACD registers a bullish golden cross at -165.36 even as the broader structure remains bearish, and RSI at 48.94 stays neutral. This confluence points to a potential test of the 50-EMA before any sustained move higher. Bitcoin long-term downside exhaustion technical indicators and Bitcoin Nasdaq-100 correlation breakdown history both support the current setup for BTC price prediction models.