Bitcoin: Wintermute Flags Relief Rally Risk

Bitcoin touched its highest price in weeks, prompting trading firm Wintermute to caution that a relief rally appears likely.

Price action shows BTC at $64120.65 testing upper Bollinger resistance at $64171.92 while the MACD registers a bearish death cross at 529.72. With the RSI(14) neutral at 62.7, a healthy retracement toward the EMA50 support at $62308.7 looks probable before any sustained continuation higher.