Bitcoin: Weekly Chart Eyes $93K Rally Target

Bitcoin maintains constructive weekly structure after the February low, according to trader @CryptoMichNL, who notes consistent rallies toward the 50-week MA in prior cycles and sees clear room to $93K.

Only the 2022 FTX-Luna collapse broke the 200-week MA bottom pattern; otherwise post-bear phases consolidate at that moving average before continuation, leaving the current advance mid-rally with no fundamental drivers for fresh lows.

Technical confluence on the 4h chart shows BTC price at $79,105 trading inside Bollinger Bands between $78,499 support and $82,014 resistance while RSI at 40.54 stays neutral and MACD prints a bearish death cross at -181; price therefore faces near-term pressure toward the EMA50 at $80,341 before any sustained push higher, consistent with BTC price prediction models that favor consolidation into June.