Bitcoin: $78,000 Level Faces Critical Test

Bitcoin faces a decisive test at the $78,000 level according to Michaël van de Poppe, who anticipates a hold that triggers another advance toward recent highs while warning that a break opens the door to $74,000.

Price at $78468.74 sits just above the lower Bollinger Band support at $78321.57 with the EMA50 acting as immediate resistance at $78983.2 and the EMA200 providing deeper floor value at $73833.75. The MACD death cross at -208.67 keeps the 4h structure bearish even as RSI at 40.19 leaves room for continuation without oversold conditions, suggesting any sustained push above the upper band at $80550.61 would require fresh momentum to overcome the EMA50 confluence before targeting higher.