📊 Bitcoin Weekly Outlook

$BTC bounced strongly from the Weekly MA 200 and closed the week up +3.83%.

🟢 Bullish Factors

• Strong reaction from Weekly MA 200 support
• Bullish RSI divergence forming, similar to the 2022 bottom
• ISM PMI at a 4-year high
• Russell 2000 printing fresh ATHs
• Progress on a potential US-Iran peace deal

🔴 Bearish Factors

• 4-year cycle timing still suggests more time before a major bottom
• Inflation remains above 4%
• BOJ expected to raise rates on June 16
• BTC declined after each of the last 8 FOMC meetings

📌 Key Levels

• Weekly MA 20: ~$71K
• Weekly MA 50: ~$91K

For now, this looks like a relief rally. Reclaiming the Weekly MA 20 is the first step. Without it, the market could remain range-bound for longer before a more durable bottom forms.

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