Bitcoin: Range Holds After Liquidity Grab
Bitcoin trades at $64077 with bearish EMA50 at $64466 and MACD death cross, as breakout above $65800 targets $73000 per CryptoMichNL.
SourceAnalysis
Bitcoin remains trapped in its established range after the latest correction acted as a liquidity grab on leveraged longs, according to @CryptoMichNL. BTC price prediction models now hinge on consolidation near current levels, with a bounce to $64500 needed to confirm the cascade has stalled. Bitcoin at $64077.69 sits below EMA50 resistance at $64466.61 yet above EMA200 support at $63768.45, while the MACD death cross at -127.52 and neutral RSI of 39.37 keep momentum bearish inside Bollinger bands bounded by $65650.42 upper resistance and $63831.45 lower support; any sustained push through $65800 would open the path to $73000 before further continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast