Bitcoin: Price Holds Above Prior Cycle Support

Bitcoin holds comfortably above the key support zone that anchored the prior cycle bull run, per analyst @RhythmicAnalyst. Last cycle the bounce failed and price sliced lower; this time the level has contained price and the recovery attempt remains intact.

With BTC at $79172.99 the 4h chart shows a bearish trend structure: EMA50 at $80297.8 caps upside while EMA200 at $77226.7 offers deeper support. MACD at -245.16 confirms the death cross, RSI sits neutral at 40.92, and price remains inside the Bollinger Bands between $78387.11 and $82013.78. A healthy retracement toward the 50-EMA support looks probable before any continuation higher, provided the cycle support zone stays unbroken.