Bitcoin: Retesting 50-Week MA
Bitcoin retests 50-week MA at $80278.9 amid EMA50 support at $73657.92 and overbought RSI of 74.11 on 4h chart.
SourceAnalysis
Bitcoin retests the 50-week moving average, a pivotal marker in recent market cycles. At $80278.9 price holds a bullish structure above the EMA50 at $73657.92 yet faces overbought RSI(14) of 74.11 and a MACD death cross at 1894.13, with price now testing upper Bollinger resistance at $80195.34; a healthy retracement toward the 50-EMA support appears probable before any continuation.
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