Bitcoin: $78,000 Resistance Decides Correction Path

Bitcoin faces a decisive test at the $78,000 resistance level according to trader @CryptoMichNL, with a clean break signaling the end of the current correction phase while rejection opens the door to another sweep lower that could mark the optimal entry for #Bitcoin and #Altcoins.

Price currently sits at $77,597.91 inside the Bollinger Bands with upper resistance at $80,592.26 and lower support at $77,397.51; the EMA50 at $76,780.82 and EMA200 at $69,870.26 continue to anchor the bullish trend structure even as the MACD death cross at 277.52 flashes short-term caution and RSI at 42.89 remains neutral, suggesting any rejection at $78,000 would likely target the EMA50 before fresh continuation higher in this BTC price prediction setup amid ongoing crypto market volatility.