Bitcoin (BTC) hit $61929.38 today, moving away from $59k lows while retesting Cycle-5 monthly support with four defense points on the blue line.

With price testing near upper Bollinger resistance at $63829.12 while RSI(14) at 42.08 remains neutral amid bearish EMA50 at $65558.82, a healthy retracement to the 50-EMA support seems probable before continuation toward the $73k resistance in Bitcoin price cycle analysis historical support levels and Bitcoin technical analysis $73k resistance breakout history.