Bitcoin trades at $78047.73 while Michael Saylor declares the bottom formed at 60k and positions the market in its spring phase with solid support at current levels.

Traders tracking BTC price prediction scenarios note the shift from last year's macro headwinds that capped upside momentum.

Price action on the 4h chart shows a bearish trend structure where EMA50 at $78150.65 serves as near-term resistance and EMA200 at $77383.48 anchors longer-term support. RSI(14) holds neutral at 54.5 while MACD registers a bullish golden cross at -113.56. With price testing upper Bollinger resistance at $78170.63, a healthy retracement to the 50-EMA support at $78150.65 seems probable before further continuation.