Bitcoin demand may finally be turning around after months of deeply negative demand, with the trend starting to reverse according to @CryptoKing4Ever.
Price sits at $63159.22 below both EMA50 at $63694.51 and EMA200 at $63690.59, locking in the bearish structure while the MACD golden cross flashes a bullish momentum shift despite the -245.71 reading. With BTC trading inside the Bollinger Bands and testing toward upper resistance at $63777.38, a healthy retracement to the 50-EMA support zone appears probable before any sustained continuation, as RSI at 42.16 keeps conditions neutral. This setup ties directly into broader BTC price prediction models and Bitcoin demand trends that traders monitor for supply absorption signals.
