Bitcoin: Break Above $84,800 Eyes New Highs
Bitcoin at $83428.26 eyes breakout above $84800 for fresh highs as MACD flashes golden cross on 4h chart.
SourceAnalysis
Bitcoin maintains its structural outlook according to trader Michaël van de Poppe, with a decisive move above $84,800 required to unlock new highs amid ongoing BTC price prediction discussions.
Price currently sits at $83428.26 inside the Bollinger Bands, testing resistance near the upper band at $84274.69 while the EMA50 at $83532.12 acts as immediate overhead supply and the EMA200 at $79812.06 provides deeper macro support from the past year. Momentum shows RSI(14) at 46.64 in neutral territory and MACD(12,26) printing a bullish golden cross at -100.94, suggesting that sustained pressure above $84800 could trigger continuation before any retracement to the 50-EMA confluence zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast