Bitcoin: True Market Mean Targets $76k
Bitcoin holds above $75k as true market mean eyes $76k next with 4h RSI at 92.76 and MACD golden cross intact.
SourceAnalysis
Bitcoin trades above $75k after @Andre_Dragosch flagged the true market mean near $76k.
The 4h chart shows price at $75073.75 inside the Bollinger band with upper resistance at $75201.38. RSI(14) at 92.76 marks overbought momentum while MACD(12,26) prints a bullish golden cross at 2543.25 above EMA50 support of $66328.19.
With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $66328.19 seems probable before continuation. This setup feeds directly into BTC price prediction models and Bitcoin market analysis for the next leg higher.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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