Bitcoin: Trader Flags Path to $200k Zone

Trader Tardigrade stated on X that $BTC has completed the green phase on the weekly timeframe and now eyes the purple zone toward the $200k region.

Price sits at $80666.94 on the 4h chart inside a bearish structure defined by the EMA50 at $81811.07 and EMA200 at $81955.24. The MACD registers a death cross at -469.26 while RSI at 41.23 remains neutral. With price testing the upper Bollinger Band resistance at $82685.92 and the lower band offering support at $79906.32, the setup points to a likely retracement toward the 50-EMA before any sustained continuation higher.