BTC: Key Support Zone Climbs to $70k
BTC support zone shifts from $60k to $70k as price holds $86050 with RSI at 85.71 and MACD golden cross intact.
SourceAnalysis
BTC key support zone has lifted from near $60k to $70k according to @RhythmicAnalyst.
Price sits at $86050.01 inside a bullish structure defined by EMA50 at $79610.54 and EMA200 at $75748.91. With price testing upper Bollinger resistance at $84577.15 while RSI(14) prints 85.71 overbought and MACD registers a 1455.2 golden cross, a healthy retracement toward the 50-EMA support at $79610.54 appears probable before continuation. Traders tracking BTC price prediction and Bitcoin technical analysis now treat the $70k level as the new floor in the current macro regime.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.