Bitcoin Analyst Points to Key Support Zones in 2-Week Chart
Bitcoin analyst @RhythmicAnalyst has shared a 2-week timeframe chart that reveals key support zones which have held during previous corrections. The current price of $86,523.72 sits within the Bollinger Bands, with the upper resistance at $86,576.58. The EMA50 at $84,525.52 and EMA200 at $81,274.77 are providing foundational support, reinforcing the bullish structure. The MACD golden cross at 442.21 suggests strong momentum, while the RSI at 69.33 indicates there is still room before reaching overbought levels.
A healthy retracement toward the 50-EMA support at $84,525.52 appears likely before the price continues its upward trend. Analysts are now incorporating these support levels into their Bitcoin price prediction models, alongside data on the broader crypto market's resilience to crashes.