Bitcoin: Break Above $79,500 Eyes $90,000
Bitcoin at $78,921 targets $90,000 on $79,500 breakout as trader flags altcoin corrections and unfinished upside run.
SourceAnalysis
Bitcoin displays indecisive chop while #Altcoins face corrections on any minor BTC dip, yet the upward move stays incomplete according to trader @CryptoMichNL.
Price sits at $78,921.19 inside Bollinger bands with upper resistance at $80,625.85; a decisive push past the $79,500 historical resistance level opens $82,700 then $90,000 as BTC price prediction targets, supported by the bullish structure above EMA50 at $74,783.45 even as the MACD death cross at 1,291.84 tempers momentum and neutral RSI at 60.47 leaves room for continuation before any retracement to lower band support near $76,003.72, consistent with observed Bitcoin altcoin correlation during short-term corrections.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast