Bitcoin: Bull Rally Eyes $82,700 Sweep to $90,000
Bitcoin hits $76,200 then surges, with $82,700 sweep ahead in ongoing bull market as 4h chart shows EMA50 support at $78,311.
SourceAnalysis
Bitcoin reached the $76,200 zone before accelerating toward fresh highs, confirming the bull market rally remains intact according to trader @CryptoMichNL.
Markets may stall briefly before targeting a sweep of $82,700, after which the next decisive move hinges on whether price extends toward $90,000 or pauses for consolidation over coming months.
Price action at $81,137.09 sits above the EMA50 at $78,311.72 and EMA200 at $72,611.31, with MACD golden cross at 781.87 reinforcing bullish momentum while RSI at 66.96 stays neutral; trading inside the Bollinger band points to a potential test of upper resistance at $82,151.92 before any healthy retracement to the 50-EMA support.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast