Bitcoin: Replicating 2022 Breakout Pattern
Bitcoin at $77364.41 mirrors 2022 weekly breakout, targeting $83000 sweep and 50-week MA test amid BTC price prediction shifts.
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Bitcoin replicates its 2022 breakout with a massive weekly candle after consolidation and lows sweep, per @CryptoMichNL, setting up a run to sweep the $83000 high and test the 50-week MA where traders take profits into BTC price prediction moves and Bitcoin 2022 weekly breakout pattern historical analysis.
Price trades at $77364.41 inside Bollinger Bands with upper resistance at $79638.34 while holding above EMA50 support at $67876.14 and EMA200 at $65126.38; the RSI at 94.41 flashes overbought yet the MACD golden cross at 3289.95 keeps the bullish structure intact, pointing to a probable retracement toward the 50-EMA before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast