Bitcoin Tests Cycle Shift as Price Hovers Near 200-Week MA

Bitcoin's price is currently hovering around the 200-Week MA at $59,905.98, with the 4h chart showing resistance at $61,475.91 and a neutral RSI of 42.56.

According to Michaël van de Poppe, substantial volume is required to breach this historically reliable bear-market floor during peak $STRC and BTC conditions.

The Bollinger bands on the 4h chart have an upper resistance at $60,866.88 and a lower support at $59,275.23, sitting below the EMA50 at $61,475.91 and EMA200 at $66,477.07 in a bearish structure.

The MACD(12,26) is currently at -450.13, registering a bullish golden cross that could support a short-term bounce before any deeper test of crypto market support levels.