Bitcoin: 50-MA Retest Looms in Healthy Consolidation

Bitcoin trades near $80,000 after a strong advance from the $58,000 low, and Michaël van de Poppe echoes Jelle's view that the 50-week EMA marks the zone where price action turns decisive.

Price sits at $80316 inside the Bollinger Bands with upper resistance at $81071.16 and lower support at $79524.0. The 4-hour structure remains bearish as price holds below both EMA50 at $81102.27 and EMA200 at $81748.93, yet MACD has printed a golden cross at -392.86 while RSI rests neutral at 46.05. This setup points to a near-term probe of the upper band before any sustained move higher, with the EMA50 likely to serve as the next meaningful support once tested.