Bitcoin: Analyst Eyes Shallow Correction for 200-Week MA Break

Bitcoin trader Michaël van de Poppe stated he welcomes a shallow correction on BTC followed by a swift upside move that reclaims the 200-Week MA and exits current price action.

Price sits at $62670.89 inside Bollinger Bands with upper resistance at $63578.53 and lower support at $61305.17. The 50-EMA at $61627.05 offers immediate structural support while the 200-EMA at $64454.12 caps the range; RSI at 58.85 shows neutral momentum yet the MACD death cross signals fading trend strength. A healthy retracement toward the 50-EMA support at $61627.05 before continuation aligns with van de Poppe's BTC price prediction and leaves the bear market narrative behind.