Bitcoin: Oil Retreat Bolsters Breakout Outlook

Bitcoin trades at $64567.66 and holds firm despite geopolitical tensions, with Michaël van de Poppe noting that falling oil prices to $87 already this weekend should clear the path through key resistance.

The analyst points to sustained underlying demand that has kept BTC near $65000 even amid external shocks, setting the stage for renewed upside once the barrier gives way.

Price action on the 4h chart shows Bitcoin pressing against the EMA50 at $64761.48 while the EMA200 at $63859.2 continues to anchor the longer-term structure; the MACD golden cross at -245.87 signals building bullish momentum even as RSI at 46.79 remains neutral, and the position inside the Bollinger Bands leaves room for an initial push toward the upper band at $65746.31 before any deeper retracement to the 50-EMA support.