Bitcoin: Weekly Close Above $62.5k Sets Momentum Path

Bitcoin traders can safely ignore EL TACO Iran deal chatter until execution and instead track whether BTC closes the week above or below the $62.5k R/S flip line that aligns with the 200 WMA while Weekly RSI trends up or down. On the 4h chart BTC price at $63336.11 sits inside Bollinger Bands with upper resistance at $64264.92 and lower support at $60764.92, EMA50 at $63705.4 acting as immediate resistance above the bearish EMA200 at $70458.7, and MACD golden cross at 199.61 offset by neutral RSI(14) of 53.33 that leaves room for a healthy pullback to the 50-EMA before any continuation higher. BTC price prediction models now hinge on that weekly close, Bitcoin technical analysis shows the cluster of Timescape levels reinforcing the $62.5k zone, and crypto market momentum remains tethered to whether price holds or loses that confluence into the weekend.