Bitcoin: Surges Past $84,800 on Bullish Break
Bitcoin breaks $84,800 with price at $84865.88 as EMA50 holds at $83625.9 and MACD golden cross signals continuation for altcoin market momentum.
SourceAnalysis
Bitcoin breaks above $84,800 at $84865.88, confirming the upward move noted by @CryptoMichNL and setting the stage for renewed altcoin market momentum after recent low volatility. The 4h chart shows price testing upper Bollinger resistance at $84611.86 while the MACD registers a bullish golden cross at 70.23 and RSI sits neutral at 60.29, keeping the structure intact above the EMA50 support at $83625.9 and the deeper EMA200 at $79938.26. This confluence supports a BTC price prediction of further continuation once the level holds, with Bitcoin technical analysis pointing to potential extension toward higher targets before any healthy pullback.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast