Latest Update
8/31/2026 8:26:00 PM

Bitcoin: Bottom Odds Rise After Upward Move

Bitcoin: Bottom Odds Rise After Upward Move

Bitcoin at $78,817 sees bottom chances increase per CryptoMichNL as 2026 cycle factors align with bullish 4h chart signals.

Source

Analysis

Bitcoin at $78,816.97 drew fresh attention after @CryptoMichNL posted that the ultimate cocktail of postponed Clarity Act, Coldcard hack, Michael Saylor selling and Bitmex failure lifted price and raised the probability the 2026 cycle bottom is already in.

Price trades above the EMA50 at $77,476.76 and well clear of the EMA200 at $71,134.28 while the MACD golden cross at 62.56 keeps the bullish structure intact; with RSI at 54.82 still neutral and price inside the Bollinger band, the next logical test sits at upper-band resistance $79,341.97 before any deeper pullback to the 50-EMA support zone.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast