Bitcoin Price Prediction: BTC Holds EMA Cluster as Analysts Push Back On McGlone’s $10,000 Call
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Bitcoin trades at $69,598 (+0.22%), holding the 20‑day EMA at $69,510 and the ascending trendline from March 9 lows (~$65,800); Fibonacci resistance clusters between $70,837–$71,666 and a descending channel caps upside. MACD nears a bullish cross (1.54 on 30‑min), signaling potential upside on a breakout, while analysts dismiss Bloomberg’s Mike McGlone $10,000 BTC call as highly improbable. Keywords: crypto, Bitcoin, EMA, Fibonacci, MACD, trendline, price, analysts
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- Bitcoin trades at $69,598, up 0.22%, holding the 20-day EMA at $69,510 as Fibonacci resistance stacks between $70,837 and $71,666.
- MACD nears a bullish cross at 1.54 on the 30-minute chart as ascending trendline support holds near $69,000.
- Analysts dismiss Bloomberg’s Mike McGlone’s $10,000 Bitcoin call as highly improbable.
Bitcoin price today trades near $69,598, holding the 20-day EMA at $69,510 as buyers defend the ascending trendline from the March 9 lows near $65,800. On the surface it looks like a quiet session. Under the hood, the 4-hour chart is sitting at a genuine decision point with Fibonacci resistance stacking directly overhead and a descending channel still compressing price from above.
4-Hour Chart: Fibonacci Levels Define The Battlefield
The descending channel from the March 4 high near $74,00…
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