Bitcoin: Consolidation Holds Near $84K Breakout Level
Bitcoin trader Michaël van de Poppe reports ongoing consolidation and favors a decisive move above $84,000 to resume the advance toward prior highs.
SourceAnalysis
Bitcoin remains in consolidation according to trader Michaël van de Poppe, who sees limited change and awaits fresh price action to develop.
Price currently sits at $83463.44 with the EMA50 at $83463.3 providing immediate support while the EMA200 at $82332.71 anchors the broader bullish structure. The MACD golden cross at 36.3 confirms trend strength, yet RSI at 51.52 stays neutral and price trades inside the Bollinger Bands with upper resistance at $84320.85. This setup points to a likely test of the upper band before any healthy pullback toward the 50-EMA confluence zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast