$BTC/USD(BTCUSD.HAS)

🏆 Weekly Bitcoin Update: Cautious Recovery Amid Geopolitical Risks

Bitcoin is seeing tentative recovery, trading around $63,644. Geopolitical tensions briefly slowed its rise, but steady institutional activity is helping it stabilize — setting up a key test at major technical levels.

🔷 Technical Snapshots

🟢 4-Hour Chart

BTC has edged above the middle Bollinger Band at $63,665, trying to turn this into solid support. It’s now heading toward resistance at the upper band of $64,936. The 4-hour RSI hits 51.09 — balanced but leaning upward, with immediate support at $62,394.

🟢 Daily Chart

The bigger picture shows ongoing consolidation. Bitcoin is battling to close above its daily middle band at $63,620. A confirmed break here would clear the way to the upper band at $65,336. The daily RSI has rebounded to a neutral 46.64, signalling the heavy mid-year sell-off has fully faded.

📊 Key Drivers

🟢 Geopolitical Resilience: News of fresh U.S. strikes in Iran sparked market volatility but Bitcoin and Ether held steady.

🟢 ETF Support: Consistent inflows into spot Bitcoin ETFs are effectively absorbing large sell orders, offsetting downward pressure and keeping prices stable despite macro uncertainty.

✅ The Verdict

Bulls hold the short-term advantage right now. If Bitcoin firmly stays above $63,620, a quick move toward $65,336 is probable. If it loses this level, expect a retest of the $61,817 support zone.

Not financial advice. Do your own DD.😁