Bitcoin: Bottom In, Targets $95K
Bitcoin bottom confirmed at 200-Week MA, eyeing $90-95K run amid bullish trends; BTC price prediction sees limited downside risks.
SourceAnalysis
Crypto analyst Michaël van de Poppe declares the Bitcoin bottom is in, with room to rally toward $90,000-$95,000 based on historical data showing small chances of further drops. He notes that BTC has already broken below the 50-Week MA and touched the 200-Week MA, fulfilling key downside scenarios in this cycle, aligning with patterns from past crypto bull runs over the last 12 months.
On the 4-hour chart, Bitcoin trades at $78,606.59, pressing against the upper Bollinger Band resistance at $78,391.39 in a clear bullish structure backed by the EMA50 at $76,919.09 and EMA200 at $74,316.22 acting as firm supports. With MACD signaling a golden cross at 205.63 for sustained upside momentum and RSI at 65.79 holding neutral without overbought extremes, expect a brief consolidation near the lower band support of $74,978.78 before pushing higher—classic confluence for institutional entries in this BTC price prediction environment, especially as hype around assets like TAO spills over into core crypto market analysis.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast