Bitcoin: Analyst Maps Two Post-Move Scenarios
Bitcoin at $78869.53 eyes $76400 low or grind higher as altcoins face 10-20% drops, per CryptoMichNL with 4h chart confluence showing overbought RSI.
SourceAnalysis
Bitcoin cleared a key level and now faces two clear paths according to @CryptoMichNL. Scenario one sweeps recent lows with a best-case floor at $76400 or worst-case drop to $74000, both likely dragging altcoins lower. Scenario two sees continued grind that fuels another leg higher in altcoins even after a $74000 correction. BTC price prediction models must now weigh these liquidity sweeps against grinding continuation. Crypto volatility analysis highlights that altcoins can lose 10-20% rapidly on any pullback. With price at $78869.53 testing upper Bollinger resistance at $79026 while RSI(14) prints 71.41 overbought and MACD shows a bearish death cross, a healthy retracement toward the 50-EMA support at $72863 appears probable before any sustained continuation, especially as price remains inside the bands with lower support at $75983.48. Altcoin rally potential stays alive in the grind scenario but requires strict risk management given the overbought momentum.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast