Bitcoin: $74,500 Support Targeted for Long Entries
Bitcoin support at $74,500 draws focus as Michaël van de Poppe flags ideal long entry zone with current price at $76,916 amid bearish 4h structure.
SourceAnalysis
Bitcoin traders eye a $75,500 sweep that opens the door to $74,500 as the prime long entry zone, according to Michaël van de Poppe. That level also aligns with setups for many altcoin players.
Price currently sits at $76,916.59 inside the Bollinger Bands with the lower band at $76,472.70 acting as immediate volatility support. The EMA200 at $74,117.12 sits just below the highlighted $74,500 target, creating a clear confluence zone where buyers may step in.
RSI at 34.83 remains neutral while the MACD death cross at -591.03 keeps the broader 4h trend bearish, with EMA50 at $78,427.85 capping upside. A clean sweep through $75,500 would likely accelerate the move into that $74,500-74,117 cluster before any sustained recovery attempt in the BTC price prediction cycle.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast