Crypto
BTC Hits Highest Weekly Close Above $84K in Eight Months
Bitcoin closed its highest weekly value above $84,000 in eight months, marking a +45% recovery from its June low. It traded at $84,065.85 during this period.
The price remains above the EMA50 at $83,528.8 and is well clear of the EMA200 at $78,735.76, reinforcing the broader bullish structure seen since the mid-year trough.
On its 4h chart, BTC trades within the Bollinger Bands with upper resistance at $84,900.01 and lower support at $83,688.31; a neutral RSI(14) of 47.78 leaves room for continuation before overbought conditions emerge.