Bitcoin: Bullish Momentum Defies Bear Flags

Crypto analyst Michaël van de Poppe dismisses bearish consensus on Bitcoin, arguing no sudden drop looms despite talks of a bear flag targeting $50K later in 2026. He draws parallels to the February shock—comparable to the COVID-crash—and 2018 lows at $3,300, where calls for deeper declines proved wrong, much like pre-halving doubts on new ATHs. With BTC trading above the 21-Day MA, flipping levels into support, and sustained bids amid strong Nasdaq performance, van de Poppe predicts retests of $70-75K en route to higher, targeting next resistance at $85-88K in this ongoing Bitcoin bull run.

From a technical confluence standpoint, Bitcoin's 4-hour chart screams controlled bullish extension as price hovers at $81,973, snug against the upper Bollinger Band resistance of $82,026 while the lower support at $79,683 holds firm, signaling volatility compression ripe for a breakout. The EMA50 at $80,354 acts as immediate dynamic support, reinforced by the EMA200 at $76,524 for longer-term bullish structure, and with MACD posting a golden cross at 314.92 alongside a neutral RSI of 61.54, we're seeing steady momentum buildup without overbought exhaustion—positioning for a push higher unless bids falter, mirroring crypto market analysis trends where such setups often precede fresh highs in BTC price prediction scenarios.