Bitcoin: Weekly Pullback Tests $64k Defense
Bitcoin holds $64k after $82k rejection with 4h RSI at 19.37 oversold and MACD death cross intact.
SourceAnalysis
Bitcoin bounced from $60k support to Resistance-2 near $82k before the sharp pullback, with immediate defense now at $64k and $60k according to @RhythmicAnalyst.
Price sits at $64310.28 inside the Bollinger band on the 4h chart, EMA50 at $71239.76 and EMA200 at $75311.21 both acting as overhead resistance while the MACD death cross at -2262.98 confirms bearish momentum. RSI(14) at 19.37 signals oversold conditions that often precede short-term relief bounces, yet the structure remains bearish until price reclaims the $75k zone for a second attempt higher.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.