Bitcoin: Reclaims $79K Level
Bitcoin trades above $79,068.65 as EMA50 support at $72,617 holds despite RSI at 73.38 and upper Bollinger resistance test.
SourceAnalysis
Bitcoin BTC has pushed back above $79,000.
Price action shows a bullish structure with the 50-EMA at $72,617 and 200-EMA at $67,082.57 acting as layered support. Yet the 4-hour chart flags exhaustion: RSI(14) sits at 73.38 in overbought territory while MACD prints a death cross at 1,856.94. With BTC testing the upper Bollinger band at $78,807.13, a retracement toward the 50-EMA support at $72,617 appears probable before any fresh leg higher. Traders tracking BTC price prediction models now weigh this confluence against broader crypto market momentum.
Evan
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