Bitcoin: Tests Weekly Open and Daily VWAP
Bitcoin at $77083.2 tests weekly open and daily VWAP; 4h chart shows MACD golden cross against bearish EMAs in BTC price action analysis.
SourceAnalysis
Bitcoin sits at a pivotal technical confluence with the weekly open and daily VWAP, flagged by trader @52kskew.
At $77083.2 price remains inside the Bollinger Bands, pressing toward upper resistance at $78205.0 while the bearish EMA structure keeps the 50-period line at $77223.53 as immediate resistance. The MACD golden cross reading of 69.91 supplies bullish momentum fuel, yet neutral RSI at 51.32 points to a likely consolidation phase before any extension higher in ongoing BTC price action analysis.
Skew Δ
@52kskewFull time trader & analyst