Bitcoin: Weakness Points to Lows Test Before $64000
Bitcoin at $61797.52 eyes liquidity grab at lows as markets stay weak, with bullish signals only after $64000 break per technicals.
SourceAnalysis
Bitcoin shows no clear direction yet, with Michaël van de Poppe flagging an imminent test of recent lows to sweep liquidity amid broad market weakness.
Price action at $61797.52 sits inside Bollinger Bands with upper resistance at $64231.28, while the bearish structure holds below EMA50 at $63936.79 and EMA200 at $71182.83; RSI at 45.36 stays neutral and MACD golden cross hints at building momentum, yet BTC price prediction models and Bitcoin technical resistance at $64000 both require a decisive break higher before any sustained rally, especially as crypto market crash fears linger from the past year.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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