Bitcoin: Analyst Sets $73,500 and $83,000 Levels
Bitcoin eyes $73,500 consolidation then $83,000 resistance per Michaël van de Poppe, with price at $71,908.83 showing bullish EMAs but overbought RSI on 4h chart.
SourceAnalysis
Bitcoin faces two key resistance levels according to trader Michaël van de Poppe, with $73,500 expected to trigger consolidation lasting days or weeks and $83,000 marking potential stall that confirms the bear market's end.
Current price sits at $71908.83 inside Bollinger Bands with upper resistance at $71956.1, while EMA50 at $65376.93 and EMA200 at $64334.06 anchor the bullish structure and MACD golden cross at 1909.02 reinforces upward momentum. With price testing upper Bollinger resistance while RSI flashes overbought at 89.07, a healthy retracement to the 50-EMA support at $65376.93 seems probable before further continuation toward the $73,500 BTC price prediction zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast