Bitcoin: Passes $65k 200-Week Moving Average
Bitcoin passes $65k 200wma with BTC at $76604.02 showing EMA50 resistance at $77921.2 and MACD golden cross on 4h chart.
SourceAnalysis
Bitcoin passes the $65k 200-week moving average, according to Adam Back.
Price action on the 4h chart shows BTC at $76604.02 inside Bollinger Bands with upper resistance at $77791.87. The structure remains bearish as price trades below EMA50 at $77921.2 yet holds above EMA200 support at $74258.3. RSI(14) at 33.92 signals neutral momentum while MACD registers a bullish golden cross at -382.07, suggesting potential continuation after any retracement to the lower band near $76575.54.
Adam Back
@adam3uscypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci http://adam3.us Co-Founder/CEO http://blockstream.com