Bitcoin: Saturday Push Sets Monday Retrace Stage
Bitcoin trades at $64635.35 with bullish MACD golden cross as low volatility signals imminent move higher into altcoins.
SourceAnalysis
Bitcoin delivered its classic Saturday push while Michaël van de Poppe stays fully allocated to altcoins, expecting a Monday open retrace amid the lowest volatility in the past twelve months.
Price sits at $64635.35 inside the Bollinger Bands with the upper resistance at $65186.82 acting as the immediate target. The MACD golden cross at 99.44 keeps the bullish structure intact above both the EMA50 at $63840.27 and EMA200 at $63636.07, yet the neutral RSI at 58.05 suggests a quick test of that 50-EMA support remains probable before continuation. Traders watching BTC price prediction models now focus on whether this weekend pattern repeats the sharp moves seen in the last six months.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast