Bitcoin: Weekly Levels Signal Upward Continuation

Michaël van de Poppe notes that Bitcoin holding above critical weekly levels supports continuation higher despite short-term uncertainty.

Bitcoin trades at $84070.91 inside its Bollinger Band with the upper resistance at $84417.46 and lower support at $82366.51. The EMA50 at $83491.69 and EMA200 at $82340.79 act as layered supports beneath price while the MACD golden cross at 99.21 reinforces the bullish structure and the RSI at 56.91 shows room before overbought conditions emerge. Price testing the upper Bollinger Band while momentum remains constructive points to a likely healthy pullback toward the EMA50 before the next leg higher.