BTC: Bulls Target 2024 VAL for Temporary Save

BTC bulls now hold another window to stabilize price action at least temporarily, requiring a decisive close above the 2024 VAL paired with fresh spot buying on the 4H chart. Price sits at $61498.73 inside the Bollinger band with lower support at $59775.28 while the EMA50 at $68094.06 and EMA200 at $74076.47 continue to cap upside, confirming the bearish structure and MACD death cross at -2425.2. The oversold RSI(14) reading of 29.71 creates short-term confluence for a relief bounce before any deeper test of Bitcoin support levels history, directly influencing BTC price prediction models and raising stakes around a potential crypto market crash if buyers fail to defend the zone.