Bitcoin: Smashes Resistance on Order Flow Signals
Bitcoin at $79349.65 smashes resistance as analysts flag order flow risks and demand confirmation above the 50-week SMA before chasing.
SourceAnalysis
Bitcoin just smashed resistance today, but @MI_Algos and Keith Alan both warn traders not to chase without fresh confirmations on structure and liquidity.
Bitcoin order flow and liquidity analysis during resistance breaks shows the speed of the move demands patience through the weekly close, especially if price holds above the 50-week SMA to separate a true breakout from historical fakeout patterns.
Technical confluence on the 4h chart places BTC at $79349.65 inside the Bollinger Bands with upper resistance at $82227.22; the bullish EMA50 at $78357.24 and EMA200 at $72678.53 provide layered support while MACD golden cross at 692.34 keeps momentum intact and neutral RSI at 51.87 leaves room before any exhaustion test.
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