Bitcoin: $78,000 Test Signals Correction Risk
Bitcoin tests $78,000 at $78308.74 with bearish 4h MACD death cross and EMA50 resistance opening path to $74,000 correction.
SourceAnalysis
Bitcoin tests the $78,000 level as @CryptoMichNL warns that a break lower would trigger a deeper correction toward the $74,000 region and open BTC price prediction setups across crypto market volatility.
Technical confluence on the 4h chart places BTC at $78308.74 inside the Bollinger bands with lower support at $78282.47 while EMA50 resistance at $78976.93 and the MACD death cross at -221.43 confirm the bearish trend structure even as RSI holds neutral at 38.46.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast