Bitcoin: Bullish Cross Nears New Impulse Move
Michaël van de Poppe states a bullish cross is forming on Bitcoin matching the setups from 2013, 2016, 2019 and 2023 that each launched major bull markets.
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Bitcoin is forming a bullish cross according to Michaël van de Poppe, repeating the exact sequence seen in 2013, 2016, 2019 and 2023 that preceded each major impulse rally and new bull market phase.
Bitcoin sits at $82308.31 inside its Bollinger bands with upper resistance at $84343.65 and lower support at $80687.63. The EMA50 at $82874.06 continues to act as overhead resistance while the EMA200 at $82229.76 offers immediate floor support. Despite the overall bearish trend structure, the MACD golden cross at -275.72 is delivering fresh bullish momentum even as RSI at 47.96 remains neutral, setting up a classic confluence where price can retest the 50-EMA before the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast