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Crypto

Bitcoin Trapped in Bearish Structure, Eyes $65K Reclaim

Guavy AI Editorial Team
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BTC
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Bitcoin is currently trading at $63,195.2 on the 4-hour chart, stuck in a bearish structure with the EMA50 and EMA200 capping upside potential.

The MACD indicator has registered a bullish golden cross, but price remains trapped between Bollinger bands, suggesting that any push toward the upper band could lead to an immediate slide to $59k.

According to trader @CrypNuevo, Bitcoin is eyeing a reclaim of $65k for continuation higher, but risks falling back down to $59k if this target isn't met.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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