Bitcoin: Touches 9-Year Channel Base at $60K

Bitcoin has touched the bottom of its 9-year channel at $60k with the setup identical to every previous cycle, triggering an immediate bounce that positions the next leg for massive overshoots.

Price currently sits at $66294.06 inside the Bollinger Bands with upper resistance at $66375.3 and lower support at $62635.82; the bullish EMA50 at $64253.62 and EMA200 at $69650.66 plus MACD golden cross at 744.53 frame a probable short-term retracement to the 50-EMA before continuation, directly supporting the long-term BTC price prediction drawn from Bitcoin long-term monthly price channel historical cycles.