Bitcoin: Weekly Close Above 200-Week MA Eyes Upside

Bitcoin executed a fast sweep of the lows followed by a quick rebound, with @CryptoMichNL noting the weekly candle has yet to close and a finish above the 200-week MA would open significant upside territory while advising holders to simply retain positions rather than sell into dips.

Price action at $61809.84 sits inside the Bollinger bands with upper resistance at $65661.06 and lower support at $59895.91; the bearish trend structure keeps price below EMA50 at $63234.48 and EMA200 at $67762.07, RSI(14) at 43.52 remains neutral and MACD(12,26) prints a death cross at -761.95, pointing to a probable test of upper-band resistance before any retracement toward the 50-EMA confluence zone in the current BTC price prediction setup.