Bitcoin Bullish Case Remains in Play Despite Volatility

A bullish case for Bitcoin (BTC) remains in play, according to trader @CrypNuevo. In a recent update on Sunday, the trader confirmed that the market is targeting a full retrace of the liquidity pool up to $89.3k.

The current price action at $84,453.7 sits within the Bollinger bands, with the upper resistance at $84,905.01 acting as an immediate volatility exhaustion point. The 50-EMA at $83,506.15 and 200-EMA at $78,673.07 anchor the longer-term bullish structure.

Momentum indicators show the RSI(14) at 52.2 in neutral territory and the MACD(12,26) printing a death cross at 172.31. However, the overall trend structure favors continuation higher once any healthy pullback to the 50-EMA support completes before the next leg toward the $89.3k liquidity target.