Bitcoin: $75,000 Level Stays Untapped Before US Open

Michaël van de Poppe flags that Bitcoin has yet to tap the $75,000 level and sees a sweep likely today ahead of the US open, followed by a rapid bounce, with early strength in several altcoins acting as a constructive signal.

Price sits at $76,121.11 inside the Bollinger Bands with the lower band at $74,289.98 offering the nearest volatility target. The structure remains bearish as price trades below both the EMA50 at $78,262.43 and the EMA200 at $80,671.82 while the MACD death cross at -514.3 keeps downside pressure intact. RSI at 39.18 shows neutral momentum, leaving room for a quick flush toward $75,000 before any relief bounce materializes.