Bitcoin: Support Zone Holds at $63898
Bitcoin at $63898.29 holds support zone intact with EMA50 at $64601.96 and MACD death cross pressuring price until a sustained break above the yellow line.
SourceAnalysis
Bitcoin support zone stays intact at $63898.29 while price remains capped below EMA50 resistance at $64601.96 and MACD registers a bearish death cross at -303.17. Traders require a decisive close above the yellow line to neutralize downside pressure. On the 4h chart, price trades inside Bollinger bands with upper resistance at $65657.39 and lower support at $63184.0, creating a narrow volatility range that favors a retracement toward the 50-EMA before any sustained relief rally in BTC price prediction and broader crypto market trends.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.