Bitcoin: Analyst Flags $82,700 Breakout Target
Bitcoin eyes $82,700 after liquidity sweep below lows as 4h chart shows price at $77567.82 testing EMA50 resistance amid neutral RSI.
SourceAnalysis
Bitcoin is positioned for an upward break after sweeping liquidity beneath recent lows, with Michaël van de Poppe calling the next stop at $82,700 for BTC.
Price action at $77567.82 sits directly on the EMA50 at $77570.85 while the EMA200 at $71684.8 anchors longer-term support; the MACD death cross at -194.71 signals persistent bearish momentum yet the neutral RSI at 43.39 leaves room for continuation once the upper Bollinger band at $79164.3 is cleared, with the lower band at $77154.55 marking immediate downside exhaustion. This setup aligns with fresh BTC price prediction models and Bitcoin technical analysis that factor crypto market momentum into the liquidity-driven move.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast