Bitcoin: Analyst Flags $76.5K Sweep Risk
Bitcoin at $79,420 risks $76.5K sweep per Michaël van de Poppe, with BTC price prediction hinging on 4h chart support at EMA50 $73,863.
SourceAnalysis
Bitcoin faces a potential sweep to $76,500 before rebounding, according to trader Michaël van de Poppe, who noted such a move would complete the altcoin correction and restore momentum across the sector.
Price sits at $79,420 inside Bollinger Bands with upper resistance at $80,207 and lower support at $75,552. The 50-EMA at $73,863 and 200-EMA at $67,688 act as key long-term floors while RSI at 67.04 stays neutral and MACD death cross at 1,787 signals fading momentum, pointing to a probable retracement toward the 50-EMA before any fresh advance in this BTC price prediction scenario.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast