Bitcoin: $77,700 Support Decides Next Move
Bitcoin at $78,828.16 tests $77,700 support per @CryptoMichNL, with $74,000 correction or $82,700 high possible amid mixed 4h signals.
SourceAnalysis
Bitcoin stays undecided as @CryptoMichNL flags the $77,700 support level, where a break risks a deeper correction to $74,000 while a hold targets $82,700 highs and lifts altcoin market performance.
At the current $78,828.16 price, the 4h chart shows price holding above EMA50 support at $75,325.21 and EMA200 at $68,635.28 in a bullish trend structure, yet the MACD death cross at 881.2 warns of fading momentum; with BTC price prediction now hinging on whether the upper Bollinger Band resistance at $80,352.47 gets rejected or price retests the $75,325.21 EMA50 before continuation, a healthy pullback appears probable before any sustained push higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast