Bitcoin: Consolidates at $79K With $82.8K Target Ahead
Bitcoin holds at $79409.43 with no deep correction expected as consolidation continues toward $82850 test per trader analysis.
SourceAnalysis
Bitcoin shows no signs of a deep correction and consolidates nicely near $79409.43, with @CryptoMichNL noting any dip below $74000 would present a strong buy opportunity.
Price action tests upper Bollinger resistance at $80761.5 while RSI(14) remains neutral at 48.24 and MACD signals a death cross, pointing to a probable retracement toward EMA50 support at $79049.65 before the untested $82850 level gets hit in coming weeks; this setup supports ongoing BTC price prediction scenarios favoring gradual upside over any crypto market crash.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast