Bitcoin: Analyst Eyes Upward Flip for New High
Bitcoin at $84216.9 with EMA50 support at $83496.87 as Michaël van de Poppe flags potential new high on upward move.
SourceAnalysis
Bitcoin at $84216.9 sits inside Bollinger Bands with upper resistance at $84890.46 while Michaël van de Poppe notes that an upward flip opens a path to fresh highs. Price holds above the EMA50 at $83496.87 and well clear of the EMA200 at $78670.71, keeping the broader structure bullish even as MACD prints a death cross at 153.42 and RSI rests neutral at 49.61. A clean break above the upper band would likely accelerate momentum toward the next resistance cluster before any deeper test of the 50-EMA support.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast