Bitcoin Tests Lower Bollinger Support as $200k Targets Circulate

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Bitcoin Tests Lower Bollinger Support as $200k Targets Circulate
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Bitcoin is trading at $62,065.27, testing lower Bollinger Band support while the proposed Crypto Clarity Act and fresh $200k price targets draw attention. Ethereum and Solana are also back in focus.

Bitcoin sits at $62,065.27, pressing against lower Bollinger Band support as talk of the Crypto Clarity Act and $200k targets circulates, with Ethereum and Solana drawing renewed attention.

The 4-hour chart shows BTC locked in a bearish trend, with the EMA50 at $63,143.09 and the EMA200 at $63,795.15 acting as overhead resistance. The MACD reading of -251.15 confirms a death cross, while the RSI at 33.05 sits neutral, leaving room for further downside before any reversal.

Price is testing lower Bollinger Band support at $62,182.02, the level that now separates a bounce toward the 50-EMA from a deeper correction.

Source: blockchain.news (snippet-based)

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